Exercise 1-12 Cepeda Corporation has the following cost records for June 2017 In

Question

Exercise 1-12 Cepeda Corporation has the following cost records for June 2017 Indirect factory labor Direct materials used Work in process, 6/1/17 Work in process, 6/30/17 Finished goods, 6/1/17 Finished goods, 6/30/17 $430 1,570 41,420 1,900 2,400 3,680 $5,070 22,870 Factory utilities Depreciation, factory equipment 3,260 Direct labor 3,910 Maintenance, factory equipment 6,070 Indirect materials 7,840 Factory manager's salary Prepare a cost of goods manufactured schedule for June 2017. CEPEDA CORPORATION Cost of Goods Manufactured Schedule For the Month Ended June 30, 2017 June 30, 2017 For the Year Ended June 30, 2017

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Cost of Goods Manufactured Schedule For the Month ended 30 June 2017 Work in Progress, 6/1/17 $    3,260 Direct Material Used $ 22,870 Direct Labour $ 41,420 Manufacturing Overhaed Indirect Factory Labour $        5,070 Factory manager Salary $        3,680 Indirect Material $        2,400 Maintainance, Factory Equipment $        1,900 Depreciation, Factory Equipment $        1,570 Factory utilities $           430 Total Manufacturing Overhaed $ 15,050 Total Cost of Work in Progress $ 79,340 Less: Work in Progress , 6/30/17 $    3,910 Cost of Goods Manufactured $ 78,690

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