Aikman Corporation has the following cost records for June 2022: Indirect factory labour $4,600 Factory utilities $600 Direct materials used 26,000 Depreciation, factory equipment 1,400 Work in process (6/1/22) 3,400 Direct labour 30,000 Work in process (6/30/22) 3,000 Maintenance, factory equipment 2,000 Finished goods (6/1/22) 5,300 Indirect materials 2,300 Finished goods (6/30/22) 9,000 Factory manager's salary 3,350 (a) Prepare a cost of goods manufactured schedule for June 2022.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Question
Don't use Ai and chatgpt. Answer in step by step with explanation.
Aikman Corporation has the following cost records for June 2022:
Indirect factory labour
$4,600
Factory utilities
$600
Direct materials used
26,000
Depreciation, factory equipment
1,400
Work in process (6/1/22)
3,400
Direct labour
30,000
Work in process (6/30/22)
3,000
Maintenance, factory equipment
2,000
Finished goods (6/1/22)
5,300
Indirect materials
2,300
Finished goods (6/30/22)
9,000
Factory manager's salary
3,350
(a)
Prepare a cost of goods manufactured schedule for June 2022.
Transcribed Image Text:Aikman Corporation has the following cost records for June 2022: Indirect factory labour $4,600 Factory utilities $600 Direct materials used 26,000 Depreciation, factory equipment 1,400 Work in process (6/1/22) 3,400 Direct labour 30,000 Work in process (6/30/22) 3,000 Maintenance, factory equipment 2,000 Finished goods (6/1/22) 5,300 Indirect materials 2,300 Finished goods (6/30/22) 9,000 Factory manager's salary 3,350 (a) Prepare a cost of goods manufactured schedule for June 2022.
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