Waterway Corporation has the following cost records for June 2020.

Indirect factory labor		$4,760		Factory utilities		$470
Direct materials used		22,680		Depreciation, factory equipment		1,540
Work in process, 6/1/20		3,540		Direct labor		42,930
Work in process, 6/30/20		4,880		Maintenance, factory equipment		1,850
Finished goods, 6/1/20		5,940		Indirect materials		2,820
Finished goods, 6/30/20		7,940		Factory managers salary		3,120

Prepare a cost of goods manufactured schedule for June 2020.

WATERWAY CORPORATION Cost of Goods Manufactured Schedule For the Month Ended June 30, 2020For the Year Ended June 30, 2020June 30, 2020
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Prepare an income statement through gross profit for June 2020 assuming sales revenue is $89,220.

WATERWAY CORPORATION Income Statement (Partial) For the Year Ended June 30, 2020For the Month Ended June 30, 2020June 30, 2020
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