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Cepeda Corporation has the following cost records for June 2017. Indirect factory labor Direct materials used Work in process, 6/1/17 Work in process, 6/30/17 Finished
Cepeda Corporation has the following cost records for June 2017. Indirect factory labor Direct materials used Work in process, 6/1/17 Work in process, 6/30/17 Finished goods, 6/1/17 Finished goods, 6/30/17 $5,520 21,800 4,000 4,400 5,560 8,580 Factory utilities Depreciation, factory equipment Direct labor Maintenance, factory equipment Indirect materials Factory manager's salary $420 1,730 42,630 1,870 2,930 3,510 Your answer is partially correct. Try again. Prepare a cost of goods manufactured schedule for June 2017. CEPEDA CORPORATION Cost of Goods Manufactured Schedule For the Month Ended June 30, 2017 A Work in Process, June 1 4,000 Direct Labor 1 42,630 Direct Materials Used T 21,800 Manufacturing Overhead Indirect Labor 5,520 Factory Manager's Salary 3,510 Indirect Materials 2,930 T Maintenance, Factory Equipment - 1,870 Depreciation, Factory Equipment 1,730 Factory Utilities 420 T Total Manufacturing Overhead 15,980 Total Manufacturing Costs Total Cost of Work in Process 4,000 Work in Process, June 30 4,400 Cost of Goods Manufactured A LINK TO TEXT Your answer is partially correct. Try again. Prepare an income statement through gross profit for June 2017 assuming sales revenue is $89,590. CEPEDA CORPORATION Income Statement (Partial) For the Month Ended June 30, 2017 Sales Revenue T 89,590 Cost of Goods Sold 2 Finished Goods, June 1 5,560 Cost of Goods Manufactured Cost of Goods Available for Sale . Finished Goods, June 30 8,580 Cost of Goods Sold Gross Profit
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