That would seem right the June expenditure gets capitalised to inventory rather than to the p&l.
So p&l has may revenue and may expenditure
And June expenditure is on balance sheet as inventory
May
Dr expenses (p&l) 13,008
Cr cash (BS) 9482
Cr accumulated depreciation (BS) $3483
Book may expenses
Dr cash (BS) 14141
Dr receivable (BS) 834
Cr Revenue (p&l) 14974
Book may revenue
June
Dr inventory (BS) 12232
Cr cash (BS) 8799
Cr accumulate Depreciation (BS) 3483
Book June expenditure
(Won't be exact as I don't know timing diff in inventory movement and using same depreciation to back into cash)
