Cepeda Corporation has the following cost records for June 2014. Indirect factory labor $5,570 Factory utilities $490 Direct materials used 21,970 Depreciation, factory equipment 1,500 Work in process, 6/1/14 3,950 Direct labor 41,530 Work in process, 6/30/14 4,670 Maintenance, factory equipment 1,820 Finished goods, 6/1/14 5,990 Indirect materials 2,660 Finished goods, 6/30/14 8,270 Factory managers salary 3,720

1) Prepare a cost of goods manufactured schedule for June 2014.

2) Prepare an income statement through gross profit for June 2014 assuming sales revenue is $87,560.