Troy Corporation has the following cost records for June 2012.

Question 2

Troy Corporation has the following cost records for June 2012.

Indirect factory labor	$ 4,511		Factory utilities	$ 372
Direct materials used	23,806		Depreciation, factory equipment	1,461
Work in process, 6/1/12	3,220		Direct labor	25,916
Work in process, 6/30/12	3,815		Maintenance, factory equipment	1,805
Finished goods, 6/1/12	4,740		Indirect materials	2,165
Finished goods, 6/30/12	7,563		Factory manager's salary	3,481

 

 

Prepare a cost of goods manufactured schedule for June 2012. (List amounts from largest to smallest e.g. 10, 5, 3, 2.)

Prepare an income statement through gross profit for June 2012 assuming net sales are $84,202.

 

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