Cost of Goods Sold, Cost of Goods Manufactured

Woodfall Company has the following information for June:

Costs Type Amount

Cost of direct materials used in production $$35,000$

Direct labor $43,000$

Factory overhead $25,000$

Work in process inventory, June $126,000$

Work in process inventory, June $3035,000$

Finished goods inventory, June $128,000$

Finished goods inventory, June $3018,000$

Question Content Area

a$.$ For June, determine the cost of goods manufactured.

Using the data given, prepare a statement of Cost of Goods Manufactured. b$.$ For June, determine the cost of goods sold.

Using the data given, prepare a statement of Cost of Goods Sold.