Iron Sheets Company had the following information for the month of June 2021.

Sales

Purchases

Sales and administrative expenses

V Factory overhead

V Direct labor

Shs.

257,000

92.000

79,000

37,000

25.000

Work in process, June 1

22,000

Work in process, June 30

Raw Material inventory, June 1

Raw Material inventory, June 30

Finished goods inventory, June 1

Finished goods inventory, June 30

18.500

6.000

8,000

21,000

25,000

Prepare the following:

2. A manufacturing account (10 Marks)
4. An income statement for the month ended June 30, 2021 (6 Marks)
6. The inventory section of the statement of financial statement. (4 Marks)

Answer rating: 100% (QA)

1 Manufacturing Account Manufacturing Account For the Month Ended June 30 2021 Raw Materials Opening ... View the full answer