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View Policies Current Attempt in Progress Aikman Corporation has the following cost records for June 2020: Indirect factory labour $4,850 Factory utilities $500 Direct materials
View Policies Current Attempt in Progress Aikman Corporation has the following cost records for June 2020: Indirect factory labour $4,850 Factory utilities $500 Direct materials used 25,200 Depreciation, factory equipment 1,600 Work in process (6/1/20) 3,200 Direct labour 30,900 Work in process (6/30/20) 3,400 Maintenance, factory equipment 2,200 Finished goods (6/1/20) 5,350 Indirect materials 2,300 Finished goods (6/30/20) 9,300 Factory manager's salary 3,100 nufactured schedule for June 2020 Prepare an income statement through gross profit for June 2020, assuming net sales are $92,400. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) AIKMAN CORPORATION Income Statement (Partial) For the Year Ended June 30, 2020 Net Sales Cost of Goods Sold Finished Goods Inventory, June 1 $ Cost of Goods Manufactured Cost of Goods Available for Sale Gross Profit/(Loss) $ $
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