Peters Manufacturing Company has the following data at June 30, 2016: Raw materials inventory, June 1 $13,800 Work in process inventory, June 1 $18,100 JUNE 1 Finished goods inventory, June 1 $43,500 Total manufacturing costs $430,000 Sales $580,000 Work in process inventory, June 30 $30,400 Finished goods inventory, June 30 $55,200 JUNE 30 Raw materials inventory, June 30 $18,000 1.) Prepare an income statement through gross profit for the month of June. 2.) Indicate the balance sheet presentation of the June 30 inventories