Cepeda Corporation has the following cost records for June 2022.

Instructions

a. Prepare a cost of goods manufactured schedule for June 2022.

b. Prepare an income statement through gross profit for June 2022 assuming sales revenue is $92,100. Classify various costs into different categories and prepare cost of services performed schedule.

Transcribed Image Text:

Indirect factory Factory utilities $ labor 4,500 400 Direct Depreciation, factory equipment 20,000 1,400 materials used Work in 3,000 Direct labor 40,000 process, 6/1/22 Work in 3,800 Maintenance, 1,800 process, factory equipment 6/30/22 Finished goods, 6/1/22 5,000 Indirect materials 2,200 Finished goods, 6/30/22 Factory manager's salary 7,500 3,000 %24