Cepeda Corporation has the following cost records for June 2014.

Instructions
(a) Prepare a cost of goods manufactured schedule for June 2014.
(b) Prepare an income statement through gross profit for June 2014 assuming sales revenue is$92,100.

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4,500 Factory utilities Indirect factory labor Direct materials used Work in process, 6/1/14 Work in process, 6/30/14 Finished goods, 6/1/14 Finished goods, 6/30/14 $ 400 20,000 Depreciation, factory equipment 1,400 40,000 Maintenance, factory equipment 1,800 2,200 3,000 3,000 3,800 5,000 7,500 Direct labor Indirect materials Factory manager's salary