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Prepare an income statement for June

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Question - Hoth Company is a brand new company that started operations on June 1, 2019. Hoth manufactures cold weather clothing. At the end of June , 2019, the accountant for Hoth compiled the following information.

Administrative Expense $22,000

Direct Labor $9,000

Ending Finished Goods $10,000

Ending Raw Materials $26,000

Ending Work-in-Process $9,000

Manufacturing Overhead $8,000

Raw Materials Purchases $60,000

Sales Revenue $135,000

Selling Expense $29,000

Required - Prepare an income statement for June.

Reference no: EM133028619

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