E1-4 Determine the total amount of various types of costs

Knight Company reports the following costs and expenses in May.

Factory utilities $15,500
Depreciation on factory equipment 12,650
Depreciation on delivery truck 3,800
Indirect factory labor 48,900
Indirect materials 80,800
Direct materials used 137,600
Factory manager's salary 8,000

Instructions
From the information, determine the total amount of:
(a) Manufacturing overhead.
(b) Product costs.
(c ) Period costs.
NOTE: Enter a number in cells requesting a value; enter either a number or a formula in cells with a

(a) Determine the total amount of manufacturing overhead.

Factory utilities Value

Depreciation on factory equipment Value
Indirect factory labor Value
Indirect materials Value
Factory manager's salary Value
Property taxes on factory building Value
Factory repairs Value
Manufacturing overhead ?

(b) Determine the total amount of product costs.

Direct materials Value

Direct labor Value
Manufacturing overhead Value
Product costs ?

(c ) Determine the total amount of period costs.

Depreciation on delivery trucks Value

Sales salaries Value
Repair to office equipment Value
Advertising Value
Office supplies used Value
Period costs ?
enses in May.
Direct labor $69,100
Sales salaries 46,400
Property taxes on factory building 2,500
Repairs to office equipment 1,300
Factory repairs 2,000
Advertising 15,000
Office supplies used 2,640

e; enter either a number or a formula in cells with a "?" .

E1-12 Prepare a cost of goods manufactured schedule and a partial income statement
Cepeda Corporation has the following cost records for June 2020.
Indirect factory labor $4,500 Factory utilities
Direct materials used 20,000 Depreciation, factory equipment
Work in process, 6/1/20 3,000 Direct labor
Work in process, 6/30/20 3,800 Maintenance, factory equipment
Finished goods, 6/1/20 5,000 Indirect materials
Finished goods, 6/30/20 7,500 Factory manager's salary

Instructions
(a) Prepare a cost of goods manufactured schedule for June 2020.
(b) Prepare an income statement through gross profit for June 2020 assuming sales revenue is
$92,100
NOTE: Enter a number in cells requesting a value; enter either a number or a formula in cells with a

(a) CEPEDA CORPORATION

Cost of Goods Manufactured Schedule
For the Month Ended June 30, 2020
Work in process, June 1
Direct materials used Value
Direct labor Value
Manufacturing overhead
Indirect labor Value
Factory manager's salary Value
Indirect materials Value
Maintenance, factory equipment Value
Depreciation, factory equipment Value
Factory utilities Value
Total manufacturing overhead ?
Total manufacturing costs
Total cost of work in process
Less: Work in process, June 30
Cost of goods manufactured

(b) CEPEDA CORPORATION

Income Statement (partial)
For the Month Ended June 30, 2020
Sales Revenue
Cost of goods sold
Finished goods inventory, June 1 Value
 Cost of goods manufactured [from (a) above] Value
Cost of goods available for sale ?
Less: Finished goods inventory, June 30 Value
Cost of goods sold
Gross profit
me statement

$400
1,400
40,000
1,800
2,200
3,000

uming sales revenue is

mber or a formula in cells with a "?" .

Value

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Value
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Value
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