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Larkspur Corporation has the following cost records for June 2022. $4,800 Factory utilities $420 Indirect factory labor Direct materials used 20,800 Depreciation, factory equipment 1.460
Larkspur Corporation has the following cost records for June 2022. $4,800 Factory utilities $420 Indirect factory labor Direct materials used 20,800 Depreciation, factory equipment 1.460 Work in process, 6/1/22 3.120 Direct labor 41,600 Work in process, 6/30/22 3,960 Maintenance, factory equipment 1,880 Finished goods. 6/1/22 5,200 Indirect materials used 2.400 Finished goods, 6/30/22 7,800 Factory manager's salary 3.120 Prepare a cost of goods manufactured schedule for June 2022 LARKSPUR CORPORATION Cost of Goods Manufactured Schedule For the Month Ended June 30, 2022 Work In Process, June 1 $ Direct Materials Used $ 20800 Direct Labor 41600 Manufacturing Overhead Indirect Factory Labor $ 4800 Factory Utilities 420 Depreciation, Factory Equipment 1460 Maintenance, Factory Equipment 1880 Indirect Materials Used 2400 Factory Manager's Salary 3120 Total Manufacturing Overhea 62,400 Total Manufacturing Costs Total Cost of Work In Process 1 Less Work In Process, June 30 Cost of Goods Manufactured s| Prepare an income statement through gross profit for June 2022 assuming sales revenue is $95.300. LARKSPUR CORPORATION Income Statement (Partial) For the Month Ended June 30, 2022 Sales Revenue 95300 Cost of Goods Sold Finished Goods Inventory, June 1 $ 5200 Cost of Goods Manufactured Cost of Goods Available for Sale Less : Finished Goods Inventory, June 30 7800 Cost of Goods Sold Gross Profit
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