E1-12 Cepeda Corporation has the following cost records for June 2014. Indirect factory labor $ 4,500 Factory utilities $ 400 Direct materials used 20,000 Depreciation, factory equipment 1,400 Work in process, 6/1/14 3,000 Direct labor 40,000 Work in process, 6/30/14 3,800 Maintenance, factory equipment 1,800 Finished goods, 6/1/14 5,000 Indirect materials 2,200 Finished goods, 6/30/14 7,500 Factory manager’s salary 3,000 Instructions (a) Prepare a cost of goods manufactured schedule for June 2014.
E1-12 Cepeda Corporation has the following cost records for June 2014. Indirect factory labor $ 4,500 Factory utilities $ 400 Direct materials used 20,000 Depreciation, factory equipment 1,400 Work in process, 6/1/14 3,000 Direct labor 40,000 Work in process, 6/30/14 3,800 Maintenance, factory equipment 1,800 Finished goods, 6/1/14 5,000 Indirect materials 2,200 Finished goods, 6/30/14 7,500 Factory manager’s salary 3,000 Instructions (a) Prepare a cost of goods manufactured schedule for June 2014.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
E1-12 Cepeda Corporation has the following cost records for June 2014.
Indirect factory labor $ 4,500
Factory utilities $ 400
Direct materials used 20,000
Work in process, 6/1/14 3,000
Direct labor 40,000
Work in process, 6/30/14 3,800
Maintenance, factory equipment 1,800
Finished goods, 6/1/14 5,000
Indirect materials 2,200
Finished goods, 6/30/14 7,500
Factory manager’s salary 3,000
Instructions
(a) Prepare a cost of goods manufactured schedule for June 2014.
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