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D B 1 2 3 4 5 6 7 8 Question #2: Cost of Goods Manufactured 2 Parts (14 Marks) Lemon Manufacturing Inc produces door

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D B 1 2 3 4 5 6 7 8 Question #2: Cost of Goods Manufactured 2 Parts (14 Marks) Lemon Manufacturing Inc produces door hinges. Their data for the month of June 2020 is provided: Raw materials purchased $ 110,000 Direct labour $ 125,000 Manufacturing overhead 400,000 Units sold 100,000 hinges Selling price 9.00 Variable costs per unit 4.00 Fixed costs for June 2020 200,000 $ 9 S 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 June 1 June 30 Work in process 135,000 60,000 Raw materials 40,000 50,000 Finished goods 130,000 120,000 Prepare a cost of goods manufactured schedule for June 2020. Note you can use the drop down for the first two columns. Lemon Manufacturing Inc Cost of Goods Manufactured Schedule For the month ending June 30, 2020 a 43 E G H b Prepare an income statement up to the gross profit line for June 2020. Note you can use the drop down for the first two columns. Lemon Manufacturing Inc Partial Income Statement For the month ending June 30, 2020 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67

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