Indigo Corporation has the following cost records for June 2022. Indirect factory labor Direct materials...
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Indigo Corporation has the following cost records for June 2022. Indirect factory labor Direct materials used Work in process, 6/1/22 Work in process, 6/30/22 Finished goods, 6/1/22 Finished goods, 6/30/22 $5.600 24,000 3.600 4.600 6,000 9,000 Factory utilities Depreciation, factory equipment Direct labor Maintenance, factory equipment Indirect materials Factory manager's salary $500 1,700 48,000 2,200 2,800 3,600
Prepare an income statement through gross profit for June 2022 assuming sales revenue is $109,700
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