Business, 25.09.2020 01:01 naomicervero

The following data were taken from the records of Clarkson Company for the fiscal year ended June 30, 2020. Raw Materials Inventory 7/1/19 $50,400 Factory Insurance $5,100
Raw Materials Inventory 6/30/20 49,700 Factory Machinery Depreciation 18,500
Finished Goods Inventory 7/1/19 97,000 Factory Utilities 31,100
Finished Goods Inventory 6/30/20 25,500 Office utility Expense 8,650
Work in Process Inventory 7/1/19 27,800 Sales Revenue 557,500
Work in Process Inventory 6/30/20 22,200 Sales Discounts 4,500
Direct labor 149,050 Plank Manager?s Salary 46,400
Indirect labor 26,860 Factory Property Taxes 9,610
Account receivable 29,700 Factory Repairs 2,200
Raw Materials Purchases 99,300
Cash 34,000
a. Prepare a cost of goods manufactured schedule.
b. Prepare an Income statement through gross profit.

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The following data were taken from the records of Clarkson Company for the fiscal year ended June 30...