Cepeda Corporation has the following cost records for June 2020. Indirect factory labor $4,500 Factory utilities $400 Direct materials used 20,000 Depreciation, factory equipment 1,400 Work in process, 6/1/20 3,000 Direct labor 40,000 Work in process, 6/30/20 3,800 Maintenance, factory equipment 1,800 Finished goods, 6/1/20 5,000 Indirect materials 2,200 Finished goods, 6/30/20 7,500 Factory manager's salary 3,000 Your answer is partially correct. Prepare a cost of goods manufactured schedule for June 2020. Work in Process Inventory, June 1 Direct Materials Used Direct Labor Manufacturing Overhead Indirect Labor CEPEDA CORPORATION Cost of Goods Manufactured Schedule For the Month Ended June 30, 2020 4500 Maintenance, Factory Equipment 1800 Depreciation, Factory Equipment 1400 Factory Utilities 400 Indirect Materials Factory Manager's Salary Total Manufacturing Overhead Total Manufacturing Costs Total Manufacturing Costs Less : Work in Process Inventory, June 30 Cost of Goods Manufactured eTextbook and Media Your answer is partially correct. 2200 3000 $ 20000 Prepare an income statement through gross profit for June 2020 assuming sales revenue is $92,100. CEPEDA CORPORATION 40000 13300 Prepare an income statement through gross profit for June 2020 assuming sales revenue is $92,100. CEPEDA CORPORATION Income Statement (Partial) For the Year Ended June 30, 2020 Sales Revenue Direct Materials Used Finished Goods Inventory, June 1 Cost of Goods Manufactured Cost of Goods Available for Sale Less Finished Goods Inventory, June 30 Cost of Goods Sold Gross Profit EA 5000 i +A +A $ 92100