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LeMans Company produces specialty papers at its Fox Run plant. At the beginning of June, the following information was supplied by its accountant Direct materials

LeMans Company produces specialty papers at its Fox Run plant. At the beginning of June, the following information was supplied by its accountant

Direct materials inventory $62,800
Work-in-process inventory 29,600
Finished goods inventory 58,700

During June, direct labor cost was $138,000, direct materials purchases were $342,000, and the total overhead cost was $379,800. The inventories at the end of June were:

Direct materials inventory $63,400
Work-in-process inventory 33,200
Finished goods inventory 54,100

Required:

1. Prepare a cost of goods manufactured statement for June.

Direct materials:

Beginning inventory

$
Add: Purchases $

Materials available

Less: Ending inventory

$

Direct materials used in production

Direct labor

$

Manufacturing overhead

$

Total manufacturing costs added

Add: Beginning work in process

$

Less: Ending work in process

$

Cost of goods manufactured

$

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