Lost of Goods Manufactured and sold 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 $59,500 Work in process inventory 36,400 Finished goods Inventory 51,700 During June, direct labor cost was $139,000, direct materials purchases were $341,000, and the total overhead cost was $364,200. The inventories at the end of June were: Direct materials inventory $60,100 40,000 Work in process inventory Finished goods Inventory 47,100 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 10 Q11000 Total manufacturing costs added Cost of goods manufactured K 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