Cepeda Corporation has the following cost records for June 2017. Indirect factory labor $5,420 Factory utilities $410 Direct materials used 22,300 Depreciation, factory equipment 1,560 Work in process, 6/1/17 3,620 Direct labor 42,630 Work in process, 6/30/17 4,630 Maintenance, factory equipment 1,990 Finished goods, 6/1/17 5,310 Indirect materials 2,120 Finished goods, 6/30/17 8,420 Factory manager's salary 3,150

Cepeda Corporation has the following cost records for June 2017. Indirect factory labor $5,420 Factory utilities $410 Direct materials used 22,300 Depreciation, factory equipment 1,560 Work in process, 6/1/17 3,620 Direct labor 42,630 Work in process, 6/30/17 4,630 Maintenance, factory equipment 1,990 Finished goods, 6/1/17 5,310 Indirect materials 2,120 Finished goods, 6/30/17 8,420 Factory manager's salary 3,150

Name: Prepare an income statement through gross profit for June 2017 assumi
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Description: Prepare an income statement through gross profit for June 2017 assuming sales revenue is $89,480.CEPEDA CORPORATIONIncome Statement (Partial)2$$4 Cepeda Corporation has the following cost records for June 2017.Indirect factory labor$5,420Factory uti

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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