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Thank you! Grouper Corporation has the following cost records for June 2017. Indirect factory labor Direct materials used Work in process, 6/1/17 Work in process,
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Grouper Corporation has the following cost records for June 2017. Indirect factory labor Direct materials used Work in process, 6/1/17 Work in process, 6/30/17 Finished goods, 6/1/17 Finished goods, 6/30/17 $5,440 Factory utilities 22,340 Depreciation, factory equipment 3,100 Direct labor 4,760 Maintenance, factory equipment 5,900 Indirect materials 7,690 Factory manager's salary $480 1,500 41,010 1,840 2,820 3,640 Prepare an income statement through gross profit for June 2017 assuming sales revenue is $87,610Step by Step Solution
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