E1-12 Cepeda Corporation has the following cost records for June 2014. Indirect factory labor $4,500 Factory utilities $400 Direct materials used 20,000 Depreciation, factory equipment 1,400 Work in process, 6/1/14 3,000 Direct labor 40,000 Work in process, 6/30/14 3,800 Maintenance, factory equipment 1,800 Finished goods, 6/1/14 5.000 Indirect materials 2,200 Finished goods, 6/30/14 7,500 Factory manager's salary 3,000 Instructions (a) Prepare a cost of goods manufactured schedule for June 2014 (b) Prepare an income statement through gross profit for June 2014 assuming sales revenue is $92,100