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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 $56,000 Work-in-process inventory 32,400 Finished goods inventory 55,200 During June, direct labor cost was $135,500, direct materials purchases were $338,500, and the total overhead cost was $366,800. The inventories at the end of June were: Direct materials inventory $56,600 Work-in-process inventory 36,000 Finished goods inventory 50,600 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 liddio) 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 juodi $ Cost of goods sold
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