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Cepeda Corporation has the following cost records for June 2020. Indirect factory labor $5,440 Factory utilities $480 Direct materials used 22,340 Depreciation, factory equipment 1,500
Cepeda Corporation has the following cost records for June 2020. Indirect factory labor $5,440 Factory utilities $480 Direct materials used 22,340 Depreciation, factory equipment 1,500 Work in process, 6/1/20 3,100 Direct labor 41,010 Work in process, 6/30/20 4,760 Maintenance, factory equipment 1,840 Finished goods, 6/1/20 5,900 Indirect materials 2,820 Finished goods, 6/30/20 7,690 Factory manager's salary 3,640 Prepare a cost of goods manufactured schedule for June 2020. Work in Process Inventory, June 1 Direct Labor Direct Materials Used Manufacturing Overhead CEPEDA CORPORATION Cost of Goods Manufactured Schedule For the Month Ended June 30, 2020 Depreciation, Factory Equipment 1500 Indirect Labor Factory Utilities Indirect Materials 5440 480 2820 Maintenance, Factory Equipment 1840 Factory Manager's Salary Total Manufacturing Overhead Total Manufacturing Costs Total Cost of Work in Process Less : Work in Process Inventory, June 30 Cost of Goods Manufactured 3640 $ 41010 22340 15720 $ $ Prepare a cost of goods manufactured schedule for June 2020. CEPEDA CORPORATION Cost of Goods Manufactured Schedule For the Month Ended June 30, 2020 >ry, June 1 d Equipment $ 1500 5440 480 2820 Equipment 1840 ary erhead sts ocess Process Inventory, June 30 ured 3640 41010 22340 15720 3100 79070 82170 4760 $ 77410 Prepare an income statement through gross profit for June 2020 assuming sales revenue is $87,610. CEPEDA CORPORATION Income Statement (Partial) For the Month Ended June 30, 2020 $ $ $
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