CEPEDA CORPORATION Cost of Goods Manufactured Schedule For the Year Ended June 30, 2020 Work in Process Inventory, June 1 Direct Materials Used $ 21940 Direct Labor 42810 Manufacturing Overhead Indirect Labor $ 4620 Factory Utilities 490 Depreciation Factory Equipment - 1690 Maintenance, Factory Equipment 1860 Indirect Materials 2260 3990 Factory Manager's Salary 14910 Total Manufacturing Overhead Total Manufacturing Costs Total Cost of Work in Process Less : Finished Goods Inventory, June 30 $ Cost of Goods Manufactured $ 3720 76660 83380 4050 79330 (b) Prepare an income statement through gross profit for June 2020 assuming sales revenue is $88,720. CEPEDA CORPORATION Income Statement (Partial) $ e Textbook and Media