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	$58,900
Work-in-process inventory	35,600
Finished goods inventory	53,400

During June, direct labor cost was $135,000, direct materials purchases were $341,000, and the total overhead cost was $363,600. The inventories at the end of June were:

Direct materials inventory	$59,500
Work-in-process inventory	39,200
Finished goods inventory	48,800

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	$
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	$