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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 Work-in-process Inventory Finished goods inventory $63,400 29,500 51,200 During June, direct labor cost was $148,500, direct materials purchases were $338,500, and the total overhead cost was $372,200. The inventories at the end of June weren Direct materials Inventory $64,000 33,100 Work-in-process Inventory Finished goods inventory Required: 46,600 1. Prepare a cost of goods manufactured statement for June. LeMans Company Statement of Cost of Goods Manufactured Direct materials: For the Month of June Materials available Direct materials used in production Total manufacturing costs added 00000 1. Prepare a cost of goods manufactured statement for June. LeMans Company Statement of Cost of Goods Manufactured Direct materials: For the Month of June Materials available Direct materials used in production Total manufacturing costs added 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 Cost of goods sold
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