Troy Corporation has the following cost records for June 2012.

Troy Corporation has the following cost records for June 2012.


E19-12 Troy Corporation has the following cost records for June 2012.

Indirect factory labor	$4,500		Factory utilities	$400
Direct materials used	20,000		Depreciation, factory equipment	1,400
Work in process, 6/1/12	3,000		Direct labor	30,000
Work in process, 6/30/12	3,800		Maintenance, factory equipment	1,800
Finished goods, 6/1/12	5,000		Indirect materials	2,200
Finished goods, 6/30/12	7,500		Factory manager’s salary	3,000

Instructions

(a) Prepare a cost of goods manufactured schedule for June 2012.
(b) Prepare an income statement through gross profit for June 2012 assuming net sales are $87,100


TUTORIAL PREVIEW

(a) Prepare a cost of goods manufactured schedule for June 2012.

TROY CORPORATION
Cost of Goods Manufactured Schedule
For the Month Ended June 30, 2012
Work in process, June 1		$3,000
Direct materials used	$20,000
Direct labor	$30,000

File name: E19-12 Troy Corp.xls . File type: .xls     PRICE:$6