Cepeda Corporation has the following cost records for June 2017.

Cepeda Corporation has the following cost records for June 2017. Indirect factory labor $4,500 Factory utilities $400 Direct materials used 20,000 Depreciation, factory equipment 1,400 Work in process, 6/1/17 3,000 Direct labor 40,000 Work in process, 6/30/17 3,800 Maintenance, factory equipment 1,800 Finished goods, 6/1/17 5,000 Indirect materials 2,200 Finished goods, 6/30/17 7,500 Factory manager’s salary 3,000

Your answer is correct. Prepare a cost of goods manufactured schedule for June 2017. CEPEDA CORPORATION Cost of Goods Manufactured Schedule June 30, 2017 For the Year Ended June 30, 2017 For the Month Ended June 30, 2017 Cost of Goods Manufactured Depreciation, Factory Equipment Direct Labor Direct Materials Used Factory Manager’s Salary Factory Utilities Indirect Labor Indirect Materials Maintenance, Factory Equipment Manufacturing Overhead Total Cost of Work in Process Total Manufacturing Costs Total Manufacturing Overhead Work in Process, June 1 Work in Process, June 30 Finished Goods, June 1 Finished Goods, June 30 $ Cost of Goods Manufactured Depreciation, Factory Equipment Direct Labor Direct Materials Used Factory Manager’s Salary Factory Utilities Indirect Labor Indirect Materials Maintenance, Factory Equipment Manufacturing Overhead Total Cost of Work in Process Total Manufacturing Costs Total Manufacturing Overhead Work in Process, June 1 Work in Process, June 30 Finished Goods, June 1 Finished Goods, June 30 $ Cost of Goods Manufactured Depreciation, Factory Equipment Direct Labor Direct Materials Used Factory Manager’s Salary Factory Utilities Indirect Labor Indirect Materials Maintenance, Factory Equipment Manufacturing Overhead Total Cost of Work in Process Total Manufacturing Costs Total Manufacturing Overhead Work in Process, June 1 Work in Process, June 30 Finished Goods, June 1 Finished Goods, June 30 Cost of Goods Manufactured Depreciation, Factory Equipment Direct Labor Direct Materials Used Factory Manager’s Salary Factory Utilities Indirect Labor Indirect Materials Maintenance, Factory Equipment Manufacturing Overhead Total Cost of Work in Process Total Manufacturing Costs Total Manufacturing Overhead Work in Process, June 1 Work in Process, June 30 Finished Goods, June 1 Finished Goods, June 30     Cost of Goods Manufactured     Depreciation, Factory Equipment     Direct Labor     Direct Materials Used     Factory Manager’s Salary     Factory Utilities     Indirect Labor     Indirect Materials     Maintenance, Factory Equipment     Manufacturing Overhead     Total Cost of Work in Process     Total Manufacturing Costs     Total Manufacturing Overhead     Work in Process, June 1     Work in Process, June 30     Finished Goods, June 1     Finished Goods, June 30 $     Cost of Goods Manufactured     Depreciation, Factory Equipment     Direct Labor     Direct Materials Used     Factory Manager’s Salary     Factory Utilities     Indirect Labor     Indirect Materials     Maintenance, Factory Equipment     Manufacturing Overhead     Total Cost of Work in Process     Total Manufacturing Costs     Total Manufacturing Overhead     Work in Process, June 1     Work in Process, June 30     Finished Goods, June 1     Finished Goods, June 30     Cost of Goods Manufactured     Depreciation, Factory Equipment     Direct Labor     Direct Materials Used     Factory Manager’s Salary     Factory Utilities     Indirect Labor     Indirect Materials     Maintenance, Factory Equipment     Manufacturing Overhead     Total Cost of Work in Process     Total Manufacturing Costs     Total Manufacturing Overhead     Work in Process, June 1     Work in Process, June 30     Finished Goods, June 1     Finished Goods, June 30     Cost of Goods Manufactured     Depreciation, Factory Equipment     Direct Labor     Direct Materials Used     Factory Manager’s Salary     Factory Utilities     Indirect Labor     Indirect Materials     Maintenance, Factory Equipment     Manufacturing Overhead     Total Cost of Work in Process     Total Manufacturing Costs     Total Manufacturing Overhead     Work in Process, June 1     Work in Process, June 30     Finished Goods, June 1     Finished Goods, June 30     Cost of Goods Manufactured     Depreciation, Factory Equipment     Direct Labor     Direct Materials Used     Factory Manager’s Salary     Factory Utilities     Indirect Labor     Indirect Materials     Maintenance, Factory Equipment     Manufacturing Overhead     Total Cost of Work in Process     Total Manufacturing Costs     Total Manufacturing Overhead     Work in Process, June 1     Work in Process, June 30     Finished Goods, June 1     Finished Goods, June 30 Cost of Goods Manufactured Depreciation, Factory Equipment Direct Labor Direct Materials Used Factory Manager’s Salary Factory Utilities Indirect Labor Indirect Materials Maintenance, Factory Equipment Manufacturing Overhead Total Cost of Work in Process Total Manufacturing Costs Total Manufacturing Overhead Work in Process, June 1 Work in Process, June 30 Finished Goods, June 1 Finished Goods, June 30 Cost of Goods Manufactured Depreciation, Factory Equipment Direct Labor Direct Materials Used Factory Manager’s Salary Factory Utilities Indirect Labor Indirect Materials Maintenance, Factory Equipment Manufacturing Overhead Total Cost of Work in Process Total Manufacturing Costs Total Manufacturing Overhead Work in Process, June 1 Work in Process, June 30 Finished Goods, June 1 Finished Goods, June 30 Cost of Goods Manufactured Depreciation, Factory Equipment Direct Labor Direct Materials Used Factory Manager’s Salary Factory Utilities Indirect Labor Indirect Materials Maintenance, Factory Equipment Manufacturing Overhead Total Cost of Work in Process Total Manufacturing Costs Total Manufacturing Overhead Work in Process, June 1 Work in Process, June 30 Finished Goods, June 1 Finished Goods, June 30 Cost of Goods Manufactured Depreciation, Factory Equipment Direct Labor Direct Materials Used Factory Manager’s Salary Factory Utilities Indirect Labor Indirect Materials Maintenance, Factory Equipment Manufacturing Overhead Total Cost of Work in Process Total Manufacturing Costs Total Manufacturing Overhead Work in Process, June 1 Work in Process, June 30 Finished Goods, June 1 Finished Goods, June 30 Add Less :  Cost of Goods Manufactured Depreciation, Factory Equipment Direct Labor Direct Materials Used Factory Manager’s Salary Factory Utilities Indirect Labor Indirect Materials Maintenance, Factory Equipment Manufacturing Overhead Total Cost of Work in Process Total Manufacturing Costs Total Manufacturing Overhead Work in Process, June 1 Work in Process, June 30 Finished Goods, June 1 Finished Goods, June 30 Cost of Goods Manufactured Depreciation, Factory Equipment Direct Labor Direct Materials Used Factory Manager’s Salary Factory Utilities Indirect Labor Indirect Materials Maintenance, Factory Equipment Manufacturing Overhead Total Cost of Work in Process Total Manufacturing Costs Total Manufacturing Overhead Work in Process, June 1 Work in Process, June 30 Finished Goods, June 1 Finished Goods, June 30 $

Your answer is correct. Prepare an income statement through gross profit for June 2017 assuming sales revenue is $92,100. CEPEDA CORPORATION Income Statement (Partial) For the Year Ended June 30, 2017 June 30, 2017 For the Month Ended June 30, 2017 Cost of Goods Available for Sale Cost of Goods Manufactured Cost of Goods Sold Finished Goods, June 1 Finished Goods, June 30 Gross Profit Sales Revenue Depreciation, Factory Equipment Direct Labor Direct Materials Used Factory Manager’s Salary Factory Utilities Indirect Labor Indirect Materials Maintenance, Factory Equipment Manufacturing Overhead Total Cost of Work in Process Total Manufacturing Costs Total Manufacturing Overhead Work in Process, June 1 Work in Process, June 30 $ Cost of Goods Available for Sale Cost of Goods Manufactured Cost of Goods Sold Finished Goods, June 1 Finished Goods, June 30 Gross Profit Sales Revenue Depreciation, Factory Equipment Direct Labor Direct Materials Used Factory Manager’s Salary Factory Utilities Indirect Labor Indirect Materials Maintenance, Factory Equipment Manufacturing Overhead Total Cost of Work in Process Total Manufacturing Costs Total Manufacturing Overhead Work in Process, June 1 Work in Process, June 30 Cost of Goods Available for Sale Cost of Goods Manufactured Cost of Goods Sold Finished Goods, June 1 Finished Goods, June 30 Gross Profit Sales Revenue Depreciation, Factory Equipment Direct Labor Direct Materials Used Factory Manager’s Salary Factory Utilities Indirect Labor Indirect Materials Maintenance, Factory Equipment Manufacturing Overhead Total Cost of Work in Process Total Manufacturing Costs Total Manufacturing Overhead Work in Process, June 1 Work in Process, June 30 $ Cost of Goods Available for Sale Cost of Goods Manufactured Cost of Goods Sold Finished Goods, June 1 Finished Goods, June 30 Gross Profit Sales Revenue Depreciation, Factory Equipment Direct Labor Direct Materials Used Factory Manager’s Salary Factory Utilities Indirect Labor Indirect Materials Maintenance, Factory Equipment Manufacturing Overhead Total Cost of Work in Process Total Manufacturing Costs Total Manufacturing Overhead Work in Process, June 1 Work in Process, June 30 Cost of Goods Available for Sale Cost of Goods Manufactured Cost of Goods Sold Finished Goods, June 1 Finished Goods, June 30 Gross Profit Sales Revenue Depreciation, Factory Equipment Direct Labor Direct Materials Used Factory Manager’s Salary Factory Utilities Indirect Labor Indirect Materials Maintenance, Factory Equipment Manufacturing Overhead Total Cost of Work in Process Total Manufacturing Costs Total Manufacturing Overhead Work in Process, June 1 Work in Process, June 30 Less Add :  Cost of Goods Available for Sale Cost of Goods Manufactured Cost of Goods Sold Finished Goods, June 1 Finished Goods, June 30 Gross Profit Sales Revenue Depreciation, Factory Equipment Direct Labor Direct Materials Used Factory Manager’s Salary Factory Utilities Indirect Labor Indirect Materials Maintenance, Factory Equipment Manufacturing Overhead Total Cost of Work in Process Total Manufacturing Costs Total Manufacturing Overhead Work in Process, June 1 Work in Process, June 30 Cost of Goods Available for Sale Cost of Goods Manufactured Cost of Goods Sold Finished Goods, June 1 Finished Goods, June 30 Gross Profit Sales Revenue Depreciation, Factory Equipment Direct Labor Direct Materials Used Factory Manager’s Salary Factory Utilities Indirect Labor Indirect Materials Maintenance, Factory Equipment Manufacturing Overhead Total Cost of Work in Process Total Manufacturing Costs Total Manufacturing Overhead Work in Process, June 1 Work in Process, June 30 Cost of Goods Available for Sale Cost of Goods Manufactured Cost of Goods Sold Finished Goods, June 1 Finished Goods, June 30 Gross Profit Sales Revenue Depreciation, Factory Equipment Direct Labor Direct Materials Used Factory Manager’s Salary Factory Utilities Indirect Labor Indirect Materials Maintenance, Factory Equipment Manufacturing Overhead Total Cost of Work in Process Total Manufacturing Costs Total Manufacturing Overhead Work in Process, June 1 Work in Process, June 30 $