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kingbird corporation has the following cost records for June 2022 indirect factory labor $5800 factory utilities $520 direct materials used 24800 depreciation, factory equipment 1760

kingbird corporation has the following cost records for June 2022

indirect factory labor $5800 factory utilities $520

direct materials used 24800 depreciation, factory equipment 1760

work in process 6/1/22 3720 direct labor 49600

work in process 6/30/22 4760 maintenanc, factory equip 2280

finished goods 6/1/22 6200 indirect materials used 2900

finished goods 6/30/22 9300 factory managers salary 3720

cost of goods manufactured schedule for June 2022.

Kingbird corporation

Cost of goods manufactured schedule

For the month ended June 30 2022

Total cost of work in process(WRONG). $3720

Direct labor $49600

Direct materials used. $24800

Manufacturing overhead

Factory utilities. $520

Depreciation factory equip $1760

Maintenance factory equip $2280

Indirect materials used $2900

Factory managers salary. $3720

Indirect factory labor. $5800

Total manufacturing overhead 16980

Total manufacturing costs. 91380

Cost of goods manufactured (WRONG). 95100

Less: work in process June 30. -4760

Cost of goods manufactured. 90340

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2:05 PM Tue Oct 18 .. . 35% (b) Prepare an income statement through gross profit for June 2022 assuming sales revenue is $113,300. KINGBIRD CORPORATION Income Statement (Partial) C $ C $ C C

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