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 $57,100 Work-in-process inventory 36,500 Finished goods inventory 51,800 During June, direct labor cost was $137,500, direct materials purchases were $332,500, and the total overhead cost was $369,400. The inventories at the end of June were: Direct materials inventory $57,700 Work-in-process inventory 40,100 Finished goods inventory 47,200 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: Beginning inventory Add: Direct labor X s Materials available Less: Ending work in process X Direct materials used in production Total manufacturing costs added Uudbi 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 $