Question

Cepeda Corporation has the following cost records for June 2020. Indirect factory labor $5.330 Factory utilities $440 Direct materials used Work in process, 6/1/20 22,580 3,910 Depreciation, factory equipment Direct labor 1,640 42,770 Work in process, 6/30/20 Finished goods, 6/1/20 Finished goods, 6/30/20 4,680 5,510 ,270 Maintenance, factory equipment Indirect materials Factory manager's salary 1,940 2.430 3.210 8 Prepare a cost of goods manufactured schedule for June 2020. CEPEDA CORPORATION Cost of Goods Manufactured Schedule

Answer 1

CEPEDA CORPORATION
Cost of Goods Manufactured Schedule
June 2020
Work in process, beginning			3,910
Direct materials used		22,580
Direct labor		42,770
Manufacturing overheads:
Indirect factory labor	5,330
Factory utilities	440
Depreciation factory equipment	1,640
Maintenance, factory equipment	1,940
Indirect materials	2,430
Factory manager's salary	3,210
Total Manufacturing overheads		14,990
Total Manufacturing Cost			80,340
Total cost of work in process			84,250
Less: work in process, ending			-4,680
Cost of goods Manufactured			$79,570

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