Exercise 15-12 Cepeda Corporation has the following cost records for June 2017. Indirect factory labor $5,520 Factory utilities $420 Direct materials used 21,800 Depreciation, factory equipment 1,730 Work in process, 6/1/17 4,000 Direct labor 42,630 Work in process, 6/30/17 4,400 Maintenance, factory equipment 1,870 Finished goods, 6/1/17 5,560 Indirect materials 2,930 Finished goods, 6/30/17 8,580 Factory managers salary 3,510

Your answer is partially correct. Try again. Prepare an income statement through gross profit for June 2017 assuming sales revenue is $89,590. CEPEDA CORPORATION Income Statement (Partial) For the Month Ended June 30, 2017 Sales Revenue 102450 Cost of Goods Sold Finished Goods, June 1 Cost of Goods Manufactured 5560 80010 Cost of Goods Available for Sale V 85570 Less Finished Goods, June 30 8580 Cost of Goods Sold Gross Profit