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E19-12 Aikman Corporation has the following cost records for June 2008. has the following cost records for June 2008. H.w Factory utilities Depreciation, factory equipment
E19-12 Aikman Corporation has the following cost records for June 2008. has the following cost records for June 2008. H.w Factory utilities Depreciation, factory equipment Direct labor Indirect factory labor $ 4,500 Direct materials used 20,000 Work in process, 6/1/08 3,000 Work in process, 6/30/08 3,800 Maintenance, factory equipment Finished goods, 6/1/08 5,000 Indirect materials Finished goods, 6/30/08 7,500 Factory manager's salary Instructions $ 400 1,400 30,000 1,800 2,200 3,000 (a) Prepare a cost of goods manufactured schedule for June 2008. (b) Prepare an income statement through gross profit for June 2008 assuming net sales are $87,100. 1 TT
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