Vargas Corporation has the following cost records for June 2011.

Instructions
(a) Prepare a cost of goods manufactured schedule for June 2011.
(b) Prepare an income statement through gross profit for June 2011 assuming net sales are$87,100.

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$ 400 20,000 Depreciation, factory equipment 1,400 3,000Diect labor30,000 1,800 2,200 3,000 4,500 Factory utilities Indirect factory labor Direct materials used Work in process, 6/1/11 Work in process, 6/30/11 Finished goods, 6/1/11 Finished goods, 6/30/11 Maintenance, factory equipment 3,800 5,000 Indiret 7,500 Factory managers salary ect materials