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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 $59,200 34,000 Finished goods inventory 59,600 During June, direct labor cost was $145,500, direct materials purchases were $348,500, and the total overhead cost was $376,800. The inventories at the end of June were: Direct materials Inventory $59,800 Work-in-process inventory 37,600 Finished goods inventory 55,000 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: Materials available 000 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 |0000 QOQOOQ 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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