Cost of Goods Manufactured and Sold LeMans Company produces specialty papers at its Fox Run plant. At the beginning of June, the following information was supplied by its accountant: Direct materials inventory $60,200 Work-in-process inventory 36,700 Finished goods inventory 51,400 During June, direct labor cost was $131,000, direct materials purchases were $337,500, and the total overhead cost was $370,600. The inventories at the end of June were Direct materials inventory $60,800 Work-in-process inventory 40,300 Finished goods inventory 46,800 1. Prepare a cost of goods manufactured statement for June. LeMans Company Statement of Cost of Goods Manufactured For the Month of June Direct materials: I 7 ED 10 INTEST I III Il Materials available Direct materials used in production $ . Total manufacturing costs added Cost of goods manufactured 2. Prepare a cost of goods sold schedule for June. LeMans Company Statement of Cost of Goods Sold For the Month of June Cost of goods sold