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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 $62,400 33,900 55,600 Finished goods inventory During June, direct labor cost was $143,000, direct materials purchases were $346,000, and the total overhead cost was $375,800. The inventories at the end of June were: Direct materials inventory $63,000 37,500 Work-in-process inventory Finished goods inventory 50,800 Required: 1. Prepare a cost of goods manufactured statement for June. LeMans Company Statement of Cost of Goods Manufactured For the Month of June Materials available Direct materials used in production Total manufacturing costs added Cost of goods manufactured 00000 0000 2. Prepare a cost of goods sold schedule for June. LeMans Company Statement of Cost of Goods bold For the Month of June
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