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Marywitie incorporated incurred the fonowing costs during June. During the month, 6,300 units of product were manufactured and 4,700 units of product were sold. On
Marywitie incorporated incurred the fonowing costs during June. During the month, 6,300 units of product were manufactured and 4,700 units of product were sold. On June 9 , Maryilie carried no inverteries. On Jume 30 , there were no inventories other than finished goods. Required: a. Caiculote the cost of goods manufactured during June and the average cost per unit of product manufactured. b. Calculate the cost of goodis sold during June. c. Caiculate the difference between cost of goods manufactured and cost of goods sold. How will this amount be feported in the financial statements? 1. Prepare a traditional (absorption) income statement for Maryville for the month of June. Assume that sales for the month was $272,800 and the company's effective income tax rate was 40%. Compiete this question by entering your answers in the tabs below. liculate the cost of goods manufactured during June and the average cost per unit of product manufactured. fculate the cost of goods sold during June. Do not round intermediate calculations
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