Cost of Goods Manufactured and Sold LeMans Company produces specialty papers at its Fox Run plant....

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Cost of Goods Manufactured and Sold LeMans Company produces specialty papers at its Fox Run plant. At the beginning of June,

Statement of Cost of Goods Manufactured For the Month of June Direct materials: Materials available Direct materials used in

business accounting

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Answer 1

Answer #1

Statement of cost of goods manufactured

For the month of June

Direct materials :
Beginning direct material	63,800
Direct material purchases	350,000
Material available	413,800
Ending direct material	-64,400
Direct material used in production		349,400
Direct labor		147,000
Total overhead cost		372,200
Total manufacturing costs added		868,600
Beginning work in process		37,400
Ending work in process		-41,000
Cost of goods manufactured		$865,000

2. Statement of cost of goods sold

For the month of june

Finished goods beginning	54,400
Cost of goods manufactured	865,000
Cost of goods available for sale	919,400
Ending finished goods	-49,800
Cost of goods sold	$869,600

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Cost of Goods Manufactured and Sold LeMans Company produces specialty papers at its Fox Run plant....

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