Peters Manufacturing Company has the following data at June 30, 2013:
Raw Materials Inventory, June 1 $13,800
work in process inventory, june 1 18,100
finsihed goods inventory, june 1 43,500
total manufacturing costs 430,000
sales 590,000
work in process inventory, june 30 30,500
finsihed goods inventory, june 30 65,200
Raw materials inventory, june 30 18,000
(a) Determine cost of goods sold for the month of june
(b) prepare an income statement through gross profit for the month of june