Question

Cepeda Corporation has the following cost records for June 2020. Indirect factory labor $5,150 Factory utilities $500 Direct materials used 22,360 Depreciation, factory equipment 1,620 Work in process, 6/1/20 3,480 Direct labor 42,170 Work in process, 6/30/20 4,620 Maintenance, factory equipment 2,000 5,660 Indirect materials 2,600 Finished goods, 6/1/20 Finished goods, 6/30/20 7,680 Factory manager's salary 3,340

Answer 1

Solution:

E G 1 Cepeda corporation 4 5 Schedule of cost of goods manufactured For June 2020 Work in pricess inventory, 6/1/20 Direct Materials used $3,480 7 $22,360 8 Direct labor Factory Overhead: Indirect factory labor Factory utilities Depreciation factory equipment Maintenance factory equipment Indirect material $42,170 10 $5,150 11 $500 12 $1,620 13 $2,000 14 $2,600 15 Factory manager's salary Total Factory Overhead Total Manufacturing costs incurred during the year Total Manufacturing costs to account for Less: Work in pricess inventory, 6/30/20 Cost of Goods Manufactured $3,340 16 $15,210 17 $79,740 18 $83,220 19 $4,620 20 $78,600 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 Sheet1 Sheet143 (2) Sheet302 (5) Sheet291 She