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E19.12 (LO 3) Cepeda Corporation has the following cost records for June 2020. Prepare a cost of goods manifactured schedule and a partial income S
E19.12 (LO 3) Cepeda Corporation has the following cost records for June 2020. Prepare a cost of goods manifactured schedule and a partial income S 400 satement. Indirect factory labor Direct materials used in process in process Finished goods, 6I/20 Finished goods, 6V30/20 S4,500 Factory utilities Direct labor Maintenance, factory equipment 20,000Depreciation, factory equipment 1.400 40,000 1,800 2.200 3,000 Excel 61/20 630V20 3,000 3,800 5,000 Indirect materials 7,500 Factory manager's salary a. Prepare a cost of goods manufactured schedule for June 2020. b. Prepare an income statement through gross profit for June 2020 assuming sales revenue is $92,100. Prepare a cost of goods manngfactured E19.14 (LO 3) The following information is available for Aikman Company schedule and a partial income January 1, 2020 $21,000 13.500 27,000 2020 Raw materials inventory Work in process inventory Finished goods inventory Materials purchased Direct labor December 31, 2020 $30,000 17.200 21,000 $150,000 220,000 180,000 910,000 Sales revenue a. Compute cost of goods manufactured. b. Prepare an income statement through gross profit. c. Show the presentation of the ending inventories on the December 31, 2020, balance sheet d. How would the income statement and balance sheet of a g company be different from Aikman's financial statements
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