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Larkspur Corporation has the following cost records for June 2022. Indirect factory labor $5,900 Factory utilities $530 Direct materials used 25,200 Depreciation, factory equipment
Larkspur Corporation has the following cost records for June 2022. Indirect factory labor $5,900 Factory utilities $530 Direct materials used 25,200 Depreciation, factory equipment 1,790 Work in process, 6/1/22 3,780 Direct labor 50,400 Work in process, 6/30/22 4,840 Maintenance, factory equipment 2,320 Finished goods, 6/1/22 6,300 Indirect materials used 2,950 Finished goods, 6/30/22 9,450 Factory manager's salary 3,780 Prepare an income statement through gross profit for June 2022 assuming sales revenue is $115,100. LARKSPUR CORPORATION Income Statement (Partial) June 30, 2022 Sales Revenue Work in Process Inventory. June 30 Finished Goods Inventory. June 30 Manufacturing Overhead Indirect Labor Less : Work in Process Inventorv. June 1 Finished Goods Inventory. June 1 Indirect Labor 0000 DO
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