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E19-12 Aikman Corporation has the following cost records for June 2012. Indirect factory labor $ 4,500 Factory utilities $ 400 Direct materials used 20,000 Depreciation,
E19-12 Aikman Corporation has the following cost records for June 2012. Indirect factory labor $ 4,500 Factory utilities $ 400 Direct materials used 20,000 Depreciation, factory equipment 1,400 Work in process, 6/1/12 3,000 Direct labor 30,000 Work in process, 6/30/12 3,800 Maintenance, factory equipment 1,800 Finished goods, 6/1/12 5,000 Indirect materials 2,200 Finished goods, 6/30/12 7,500 Factory manager's salary 3,000 Your answer is incorrect. Try again. Prepare a cost of goods manufactured schedule for June 2012. (List amounts from largest to smallest e.g. 10, 5, 3, 2.) AIKMAN CORPORATION Cost of Goods Manufactured Schedule For the Month Ended June 30, 2012 $ $ Manufacturing overhead $ Total manufacturing overhead Total manufacturing costs Total cost of work in process Less: Cost of goods manufactured $ Your answer is incorrect. Try again. Prepare an income statement through gross profit for June 2012 assuming net sales are $87,100. AIKMAN CORPORATION Income Statement (Partial) For the Month Ended June 30, 2012 $ Cost of goods sold $ Cost of goods available for sale Cost of goods sold Gross profit $
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