Peters Manufacturing Company has the following data at June 30, 2019:
Raw materials inventory, June 1 $13,800
Work in process inventory, June 1 18,100
Finished goods inventory, June 1 43,500
Total manufacturing costs 430,000
Sales 580,000
Work in process inventory, June 30 30,400
Finished goods inventory, June 30 55,200
Raw materials inventory, June 30 18,000
Required:
Prepare an income statement through gross profit for the month of June.
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