Woodfall Company has the following information for June:
Cost of direct materials used in production: $61,000
Direct labor: $68,000
Factory overhead: $20,000
Work in process inventory, June 1: $49,000
Work in process inventory, June 30: $53,000
Finished goods inventory, June 1: $28,000
Finished goods inventory, June 30: $23,000
a. For June, determine the cost of goods manufactured. Using the data given, prepare a statement of Cost of Goods Manufactured. Woodfall Company Statement of Cost of Goods Manufactured
b. For June, determine the cost of goods sold. Using the data given, prepare a statement of Cost of Goods Sold. Woodfall Company Statement of Cost of Goods Sold