Cepeda Corporation has the following cost records for June 2020. Indirect factory labor $5,220 Factory utilities $510 Direct materials used 22,340 Depreciation, factory equipment 1,720 Work in process, 6/1/20 3,750 Direct labor 42,990 Work in process, 6/30/20 4,570 Maintenance, factory equipment 1,980 Finished goods, 6/1/20 5,210 Indirect materials 2,920 Finished goods, 6/30/20 8,430 Factory manager's salary 3,470 Your answer is partially correct. Indirect Labor Factory Manager's Salary Indirect Materials: 1A 5220 3470 2920 Maintenance, Factory Equipment + 1980 Depreciation, Factory Equipment 1720 Factory Utilities Total Manufacturing Overhead Work in Process Inventory, June 1 Total Manufacturing Costs Less Work in Process Inventory, June 30 Cost of Goods Manufactured. 510 15820 Prepare an income statement through gross profit for June 2020 assuming sales revenue is $88,010. CEPEDA CORPORATION Income Statement (Partial) For the Month Ended June 30, 2020 + Sales Revenue Cost of Goods Sold Finished Goods Inventory, June 1 Cost of Goods Manufactured 5210 80330 i Cost of Goods Available for Sale Less Finished Goods Inventory, June 30 8430 Cost of Goods Sold Gross Profit A