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Total manufacturing costs Total cost of work in process Less: Work in process, June 30 Cost of goods manufactured Value 38 (b
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CEPEDA CORPORATION

Cost of Goods Manufactured Schedule

For the Month Ended June 30, 2017

Work in Process, June 1

3000

Direct Materials used

20000

Direct Labor

40000

Manufacturing Overhead

Indirect Factory Labor

4500

Factory manager's salary

3000

Indirect Materials

2200

Maintenance, Factory Equipment

1800

Depreciation, Factory Equipment

1400

Factory Utilities

400

Total Manufacturing Overhead

13300

Total Manufacturing Cost

73300

Total Cost of Work in Process

76300

Less: Work in Process, June 30

3800

Cost of Goods Manufactured

$72500

CEPEDA CORPORATION

Income Statement (Partial)

For the Month Ended June 30, 2017

Sales Revenue

92100

Cost of Goods Sold

Finished goods inventory, June 1

5000

Cost of Goods Manufactured

72500

Cost of Goods Available for Sale

77500

Less: Finished goods inventory, June 30

7500

Cost of Goods Sold

70000

Gross Profit

22100

Due to change in beginning work in process, direct labor and indirect materials, there is increase in cost of goods manufactured by $700 from $73200 to $72500.

CEPEDA CORPORATION

Cost of Goods Manufactured Schedule

For the Month Ended June 30, 2017

Work in Process, June 1

4200

Direct Materials used

20000

Direct Labor

39000

Manufacturing Overhead

Indirect Factory Labor

4500

Factory manager's salary

3000

Indirect Materials

2700

Maintenance, Factory Equipment

1800

Depreciation, Factory Equipment

1400

Factory Utilities

400

Total Manufacturing Overhead

13800

Total Manufacturing Cost

72800

Total Cost of Work in Process

77000

Less: Work in Process, June 30

3800

Cost of Goods Manufactured

$73200

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