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Cost of Goods Manufactured and Sold LeMans Company produces specialty papers at its Fox Run plant. At the beginning of June, the following information was
Cost of Goods Manufactured and Sold LeMans Company produces specialty papers at its Fox Run plant. At the beginning of June, the following information was supplied by its accountant: Direct materials inventory $60,300 Work-in-process inventory 31,900 Finished goods inventory 52,800 During June, direct labor cost was $140,000, direct materials purchases were $344,000, and the total overhead cost was $378,200. The inventories at the end of June were: Direct materials inventory $60,900 Work-in-process inventory 35,500 Finished goods inventory 48,200 Required: Required: 1. Prepare a cost of goods manufactured statement for June. LeMans Company Statement of Cost of Goods Manufactured For the Month of June Direct materials: UA Materials available $ Direct materials used in production $ Total manufacturing costs added 10000000 Cost of goods manufactured 2. Prepare a cost of goods sold schedule for June. LeMans Company Statement of Cost of Goods Sold For the Month of June $ $ 100 Cost of goods sold
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