Solution-Prepare a cost of goods manufactured schedule for

Prepare a cost of goods manufactured schedule for june 2017

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Reference no: EM132316329

Question :

Tart Corporation has the following cost records for June 2017.

Indirect factory labor	$ 4,000	Factory utilities	$ 1,000
Direct materials used	25,000	Depreciation, factory equipment	1,400
Work in process, 6/1/17	4,800	Direct labor	30,000
Work in process, 6/30/17	2,200	Maintenance, factory equipment	2,400
Finished goods, 6/1/17	5,000		2,000
Finished goods, 6/1/17	5,000	Indirect materials	2,000
Finished goods, 6/30/17	9,500	Factory manager's salary	4,500

Instructions

(a) Prepare a cost of goods manufactured schedule for June 2017.

(b) Prepare an income statement through gross profit for June 2017 assuming net sales are $85,100.

Reference no: EM132316329

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Prepare a cost of goods manufactured schedule for june 2017

Reference no: EM132316329

Reference no: EM132316329

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