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 $57,800

Work-in-process inventory 28,600

Finished goods inventory 53,300

During June, direct labor cost was $132,000, direct materials purchases were $340,500, and the total overhead cost was $365,000. The inventories at the end of June were:

Direct materials inventory $58,400

Work-in-process inventory 32,200

Finished goods inventory 48,700

Required:

1.Create a cost of goods manufactured statement for June.

2.Create a cost of goods sold schedule for June.