Vaughn Corporation has the following cost records for June 2020. $5.370 $510 22.290 1.560 3.560…

Vaughn Corporation has the following cost records for June 2020. $5.370 $510 22.290 1.560 3.560…
  Vaughn Corporation has the following cost records for June 2020. $5.370 $510 22.290 1.560 3.560 42.500 Indirect factory labor Direct materials used Work in process, 6/1/20 Work in process, 6/30/20 Finished goods, 6/1/20 Finished goods, 6/30/20 Factory utilities Depreciation, factory equipment Direct labor Maintenance, factory equipment Indirect materials Factory manager's salary 4,640 1.980 5.240 2.780 7.640 3.800 Prepare a cost of goods manufactured schedule for June 2020. VAUGHN CORPORATION Cost of Goods Manufactured Schedule For the Month Ended June 30, 2020 Work in Process Inventory, June 1 $ Direct Materials Used 22.290 Direct Labor 42.500 Manufacturing Overhead Indirect Materials 2,780 Maintenance Factory Equipment 1.980 Depreciation, Factory Equipment 1560 Factory Utilities 510 Indirect labor 5,370 repare a cost of goods manufactured schedule for June 2020. VAUGHN CORPORATION Cost of Goods Manufactured Schedule For the Month Ended June 30, 2020 antory, June 1 3.560 id $ 22290 42.500 head $ 2.780 ary Equipment 1.980 sry Equipment 1560 510 5,370 Question 6 of 6 <> 2.19/3 E Indirect Labor 5,370 Factory Manager's Salary 3,800 Total Manutacturing Overhead 16,000 Total Manufacturing Costs Total Cost of Work in Process Less Work in Process Inventory, June 30 Cost of Goods Manufactured 5.370 3.800 Salary 16,000 Overhead Costs Process In Process Inventory, June 30 II factured Prepare an income statement through gross profit for June 2020 assuming sales revenue is $90,170. VAUGHN CORPORATION Income Statement (Partial) For the Month Ended June 30, 2020 Sales Revenue Cost of Goods Sold Finished Goods Inventory, June 1 Cost of Goods Manufactured OOOO Cost of Goods Available for Sale Less Finished Goods Inventory, June 30 Cost of Goods Sold Gross Profit May 16 2022 03:12 PM

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