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Current Attempt in Progress Cepeda Corporation has the following cost records for June 2020. Indirect factory labor $5,420 FaCEPEDA CORPORATION Cost of Goods Manufactured Schedule For the Month Ended June 30, 2020 Work in Process Inventory, June 1 |- Your answer is partially correct. Prepare an income statement through gross profit for June 2020 assuming sales revenue isPlease assist with part B. The red boxes are wrong. Thank you!

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Answer #1
CEPEDA CORPORATION
Income Statement (Partial)
For the Month Ended June 30, 2020
Sales revenue $89480
Less: Cost of goods sold
Finished goods inventory, June 1 $5310
Cost of goods manufactured 78570
Cost of goods available for sale 83880
Less: Finished goods inventory, June 30 8420
Cost of goods sold 75460
Gross profit $14020
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Please assist with part B. The red boxes are wrong. Thank you! Current Attempt in Progress...
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