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 $64,800 Work-in-process inventory 36,800 Finished goods inventory 51,500 During June, direct labor cost was $136,000, direct materials purchases were $331,000, and the total overhead cost was $373,800. The inventories at the end of June were: Direct materials inventory $65,400 Work-in-process inventory 40,400 Finished goods inventory 46,900 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 Direct materials used in production 0001 DODO 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