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 $58,000 Work-in-process inventory 36,300 Finished goods inventory 50,400 During June, direct labor cost was $136,000, direct materials purchases were $349,000, and the total overhead cost was $364,600. The inventories at the end of June were: Direct materials inventory $58,600 Work-in-process inventory 39,900 Finished goods inventory 45,800 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 A 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