Aikman Corporation has the following cost records for June 2020:

Indirect factory labour $ 4,500 Direct materials used 25,000 Work in process (6/1/16) 3,000 Work in process (6/30/16) 2,800 Finished goods (6/1/16) 5,000 Finished goods (6/30/16) 9,500 Factory utilities $400 Depreciation, factory equipment 1,400 Direct labour 30,000 Maintenance, factory equipment 1,800 Indirect materials 2,200 Factory manager's salary 3,000

Instructions

(a) Prepare a cost of goods manufactured schedule for June 2020

(b) Prepare an income statement through gross profit for June 2020, assuming net sales are $87,100.