Peters Manufacturing Company Has the following data at June 30 2014:
Raw materials inventory, June 1 13,800
Indirect Factory Labor 40,000
Work in Process Inventory June 1 18,100
Finished goods Inventory June 1 43,500
Direct Material Purchased 230,000
Direct Labor 120,000
Factory utilities 35,000
Depreciation factory equipment 20,000
Sales 9,000
Work in Process inventory, June 30 30,400
Finished Goods Inventory, June 30 65,200
Raw Material Inventory, June 30 18,000
Instructions:
(a) Prepare a statement cost of goods manufactured for the month of June
(b) Prepare an income statement through gross profit for the month of June.