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I could really use some step by step help with this problem! Cepeda Corporation has the following cost records for June 2017. Indirect factory labor
I could really use some step by step help with this problem!
Cepeda Corporation has the following cost records for June 2017. Indirect factory labor $ 4, 500 Direct materials used 20,000 Work in process, 6/1/17 3,000 Work in process, 6/30/17 3, 800 Finished goods, 6/1/17 5,000 Finished goods, 6/30/17 7, 500 Factory utilities $400 Depreciation, factory equipment 1, 400 Direct labor 40,000 Maintenance, factory equipment 1, 800 Indirect materials 2, 200 Factory managers salary 3,000 Instructions (a) Prepare a cost of goods manufactured schedule lot June 2017. (b) Prepare an income statement through gross profit for June 2017 assuming sales revenue is $92, 100Step by Step Solution
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