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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 $64,300
Work-in-process inventory 28,700
Finished goods inventory 53,500

During June, direct labor cost was $139,500, direct materials purchases were $348,000, and the total overhead cost was $360,800. The inventories at the end of June were:

Direct materials inventory $64,900
Work-in-process inventory 32,300
Finished goods inventory 48,9

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:

Beginning inventory

Beginning work in process

Direct labor

Ending inventory

Ending work in process

$______

Add: Direct labor

Add: Ending inventory

Add: Ending work in process

Add: Manufacturing overhead

Add: Purchases

______
Materials available $_______

Less: Beginning inventory

Less: Direct labor

Less: Ending inventory

Less: Ending work in process

Less: Manufacturing overhead

_________
Direct materials used in production $_______

Beginning inventory

Direct labor

Ending inventory

Ending work in process

Purchases

_________

Beginning inventory

Beginning work in process

Ending inventory

Ending work in process

Manufacturing overhead

________
Total manufacturing costs added $_______

Add: Beginning inventory

Add: Beginning work in process

Add: Ending inventory

Add: Ending work in process

Add: Manufacturing overhead

________

Less: Beginning inventory

Less: Beginning work in process

Less: Direct labor

Less: Ending inventory

Less: Ending work in process

- Select -
Cost of goods manufactured $_____

Question Content Area

2. Prepare a cost of goods sold schedule for June.

LeMans Company Statement of Cost of Goods Sold For the Month of June

Beginning finished goods inventory

Cost of goods available for sale

Cost of goods manufactured

Cost of goods sold

Ending finished goods inventory

$_____

Add: Beginning finished goods inventory

Add: Cost of goods available for sale

Add: Cost of goods manufactured

Add: Cost of goods sold

Add: Ending finished goods inventory

_____

Beginning finished goods inventory Cost of goods available for sale

Cost of goods manufactured

Cost of goods sold

Ending finished goods inventory

$________

Less: Beginning finished goods inventory

Less: Cost of goods available for sale

Less: Cost of goods manufactured

Less: Cost of goods sold

Less: Ending finished goods inventory

_____
Cost of goods sold $________

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