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Cepeda Corporation has the following cost records for June 2020. Indirect factory labor $5,040 Factory utilities $490 Direct materials used 21,100 Depreciation, factory equipment 1,600
Cepeda Corporation has the following cost records for June 2020.
Indirect factory labor | $5,040 | Factory utilities | $490 | |||
---|---|---|---|---|---|---|
Direct materials used | 21,100 | Depreciation, factory equipment | 1,600 | |||
Work in process, 6/1/20 | 3,920 | Direct labor | 42,130 | |||
Work in process, 6/30/20 | 4,680 | Maintenance, factory equipment | 1,980 | |||
Finished goods, 6/1/20 | 5,100 | Indirect materials | 2,190 | |||
Finished goods, 6/30/20 | 7,990 | Factory managers salary | 3,890 |
CEPEDA CORPORATION Cost of Goods Manufactured Schedule For the Month Ended June 30, 2020 $ Direct Labor 42,130.00 Manufacturing Overhead Indirect Labor $ 5,040.00 Factory Utilities 490.00 Depreciation, Factory Equipment 1,600.00 Maintenance, Factory Equipment 1,980.00 Indirect Materials 2,190.00 Factory Manager's Salary 3,890.00 Total Manufacturing Overhead 15,190.00 Total Manufacturing Costs Total Manufacturing Costs Less : CEPEDA CORPORATION Cost of Goods Manufactured Schedule For the Month Ended June 30, 2020 $ $ 42,130.00 5,040.00 490.00 1,600.00 1,980.00 2,190.00 3,890.00 15,190.00 78,420.00 82,340.00 $ Prepare an income statement through gross profit for June 2020 assuming sales revenue is $89,730. CEPEDA CORPORATION Income Statement (Partial) $ $ . $
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