Question
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
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 CStep by Step Solution
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