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Peters Manufacturing Company has the following data at June 30, 2019: Raw materials inventory, June 1 Work in process inventory, June 1 Finished goods inventory,

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Peters Manufacturing Company has the following data at June 30, 2019: Raw materials inventory, June 1 Work in process inventory, June 1 Finished goods inventory, June 1 Total manufacturing costs Sales Work in process inventory, June 30 Finished goods inventory, June 30 Raw materials inventory, June 30 13,800 18,100 43,500 430,000 580,000 30,400 55,200 18,000 (a Prepare an income statement through gross profit for the month of June. PETERS COMPANY (Partial) Income Statement For the Month Ended June 30, 2019 Sales 580,000 406,000 Cost of Goods Sold Gross profit/ (Loss)

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