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Posted: August 2nd, 2024
Troy Corporation has the following cost records for June 2012.
E19-12Troy Corporation has the following cost records for June 2012.Indirect factory labor$4,500Factory utilities$400Direct materials used20,000Depreciation, factory equipment1,400Work in process, 6/1/123,000Direct labor30,000Work in process, 6/30/123,800Maintenance, factory equipment1,800Finished goods, 6/1/125,000Indirect materials2,200Finished goods, 6/30/127,500Factory managerâs salary3,000Instructions(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
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