Cepeda Corporation has the following cost records for June 2017.

Instructions
(a) Prepare a cost of goods manufactured schedule for June 2017.
(b) Prepare an income statement through gross profit for June 2017 assuming sales revenue is$92,100.

Transcribed Image Text:

$ 400 1,400 40,000 Indirect factory laboir 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 $4,500 20,000 Factory utilities Depreciation, factory equipment Direct labor Maintenance, factory equipment Indirect mtrials Factory managers salary 3,800 5,000 7,500 1,800 2,200 so0r 3,000