Cepeda Corporation has the following cost records for June 2020.
Instructions
- Prepare a cost of goods manufactured schedule for June 2020.
- Prepare an income statement through gross profit for June 2017 assuming sales revenue is $92,100.
Solution
a.
Cepeda Corporation
Schedule of Cost of goods manufactured schedule
For the Month Ended June 30, 2020
Schedule of Cost of goods manufactured schedule
For the Month Ended June 30, 2020
b.
Cepeda Corporation
Income Statement (Partial)
For the Month Ended June 30, 2020
Income Statement (Partial)
For the Month Ended June 30, 2020
