Cepeda Corporation has the following cost records for June 2014.

Indirect factory labor	$4,950		Factory utilities	$480
Direct materials used	21,520		Depreciation, factory equipment	1,720
Work in process, 6/1/14	3,740		Direct labor	42,700
Work in process, 6/30/14	4,610		Maintenance, factory equipment	1,980
Finished goods, 6/1/14	5,100		Indirect materials	3,000
Finished goods, 6/30/14	8,590		Factory manager

Required:

Prepare a cost of goods manufacture schedule.

Prepare an income statement through gross profit.

Answer rating: 100% (QA)

Cost of Goods Manufactures Schedule Work in process June 1 Direct material... View the full answer