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lalaween098
lalaween098
04.04.2020 • 
Business

Exercise 14-12 a-b (Video) Swifty Corporation has the following cost records for June 2020. Indirect factory labor $4,690 Factory utilities $430 Direct materials used 22,410 Depreciation, factory equipment 1,770 Work in process, 6/1/20 3,970 Direct labor 42,100 Work in process, 6/30/20 4,410 Maintenance, factory equipment 1,910 Finished goods, 6/1/20 5,650 Indirect materials 2,810 Finished goods, 6/30/20 8,030 Factory manager’s salary 3,930 Prepare a cost of goods manufactured schedule for June 2020. SWIFTY CORPORATION Cost of Goods Manufactured Schedule $ $ $ : $ Prepare an income statement through gross profit for June 2020 assuming sales revenue is $88,360. SWIFTY CORPORATION Income Statement (Partial) $ $ : $

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