Exercise 15-12 (Part Level Submission) Cepeda Corporation has the following cost
ID: 2610650 • Letter: E
Question
Exercise 15-12 (Part Level Submission) Cepeda Corporation has the following cost records for June 2017. Indirect factory labor Direct materials used Work in process, 6/1/17 Work in process, 6/30/17 Finished goods, 6/1/17 Finished goods, 6/30/17 $5,160 21,270 3,680 4,840 5,460 7,860 Factory utilities Depreciation, factory equipment Direct labor Maintenance, factory equipment Indirect materials Factory manager's salary $470 1,720 42,930 1,860 2,310 3,210 (a) Your answer is partially correct. Try again. Prepare a cost of goods manufactured schedule for June 20127Explanation / Answer
Cost of Goods manufactured for June 2017
Direct materials used $21,270
Add: Direct Labor $42,930
Opening Work in Process $3,680
Opening Finished Goods $5,460
Indirect factory labor $5,160
Factory utilities $470
Depreciation,factory equipment $1,720
Maintenance,factory equipment $1,860
Indirect Materials $2,310
Factory manager's salary $3,210
__________
$88,070
Less : Closing Work in Process $4,840
Closing Finished Goods $7,860
_______
$12,700 $12,700
______
$75,370
=========
______
$75,370
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