Question

part B)

Cepeda Corporation has the following cost records for June 2020. Indirect factory labor $4,690 Factory utilities $430 Direct materials used 22,410 Depreciation factory equipment 1,770 Work in process, 6/1/20 3,970 Direct labor 42,100 Work in process, 6/30/20 4,410 Maintenance, factory equipment 1,910 2,810 Finished goods, 6/1/20 Finished goods, 6/30/20 5,650 Indirect materials 8,030 Factory manager's salary 3,930 Your Answer Correct Answer Your answer is correct. Prepare a cost of goods manufactured schedule for June 2020. CEPEDA CORPORATION Cost of Goods Manufactured Schedule For the Month Ended June 30, 2020 Work in Process Inventory, June 1 : 3970 Direct Materials Used 22410

Answer 1

B.

CEPEDA CORPORATION
income Statement
For the month ended June 30, 2020
Sales revenue		88,360
Cost of goods sold:
Finished goods, beginning	5,650
Cost of goods manufactured	79,610
Cost of goods available for sale	85,260
Finished goods ,ending	-8,030
Cost of goods sold		-77,230
Gross profit		11,130

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