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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.

Principles of Accounting Volume 2
Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter4: Job Order Costing
Section: Chapter Questions
Problem 6PA: During the year, a company purchased raw materials of $77,321, and incurred direct labor costs of...
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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.

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