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Teal Mountain Corporation has the following cost records for June 2022. Indirect factory labor $5,600 Factory utilities $500 Direct materials used 24,000 Depreciation, factory
Teal Mountain Corporation has the following cost records for June 2022. Indirect factory labor $5,600 Factory utilities $500 Direct materials used 24,000 Depreciation, factory equipment 1,700 Work in process, 6/1/22 3,600 Direct labor 48,000 Work in process, 6/30/22 4,600 Maintenance, factory equipment 2,200 Finished goods, 6/1/22 6,000 Indirect materials used 2,800 Finished goods, 6/30/22 9,000 Factory manager's salary 3,600 Work in Process, June 1 Direct Labor Direct Materials Used Manufacturing Overhead Factory Utilities Indirect Factory Labor Maintenance, Factory Equipment Factory Manager's Salary Indirect Materials Used Cost of Goods Manufactured Schedule For the Month Ended June 30, 2022 LA 500 5600 2200 3600 2800 Depreciation, Factory Equipment 1700 Total Manufacturing Overhead Total Manufacturing Costs Total Cost of Work in Process Less Work in Process, June 30 Cost of Goods Manufactured EA 48000 24000 16400 A 69 3600 88400 92000 4600 87400 (b) TEAL MOUNTAIN CORPORATION Income Statement (Partial) Prepare an income statement through gross profit for June 2022 assuming sales revenue is $109.700. > > 69 > (A
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