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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 $62,400 Work-in-process inventory 28,600 53,900 Finished goods inventory During June, direct labor cost was $133,500, direct materials purchases were $346,000, and the total overhead cost was $364,600. The inventories at the end of June were: Direct materials inventory $63,000 Work-in-process Inventory 32,200 49,300 Finished goods inventory Required: 1. Prepare a cost of goods manufactured statement for June. LeMans Company Statement of Cost of Goods Manufactured For the Month of June Direct materials: Materials available Direct materials used in production Total manufacturing costs added mocno Cost of goods manufactured 2. Prepare a cost of goods sold schedule for June. LeMans Company Statement of Cost of Goods Sold For the Month of June Cost of goods sold
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