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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
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 $64,900 32,100 Finished goods inventory 57,400 During June, direct labor cost was $143,000, direct materials purchases were $330,500, and the total overhead cost was $377,400. The inventories at the end of June were: Direct materials inventory $65,500 Work-in-process inventory Finished goods inventory Required: 35,700 52,800 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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