Cepeda Corporation has the following cost records for June 2017. Instructions (a) Prepare a cost of goods
Question:
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.
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...
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
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Related Book For
Accounting Principles
ISBN: 978-1118875056
12th edition
Authors: Jerry Weygandt, Paul Kimmel, Donald Kieso
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