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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 $63,400 29,500 $1,200 Finished goods inventory 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 - Direct materials inventory Work-in-process inventory Finished goods inventory Required: $64,000 33,100 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 Direct materials: For the Month of June Materials available Direct materials used in production Total manufacturing costs added 0000 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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