Prepare a cost of goods manufactured schedule and a partial income statement based off the following information. Please show work.

Cepeda Corporation has the following cost records for June 2017.

Indirect factory labor $4500 Factory utilities $400

Direct materials used $20,000 Depreciation, factory equipment $1,400

Work in process, 6/1/17 3,000 Direct labor $40,000

Work in process, 6/30/17 3,800 Maintenance, factory equipment $1,800

Finished goods, 6/1/17 5, 000 Indirect materials $2,200

Finished goods, 6/30/17 7,500 Factory managers salary $3,000

Instructions:

(a) Prepare a cost of goods manufactured schedule for June 2017

(b) Prepare an income statement through gross profit for June 2017 assuming sales revenue is $92,100.