Current Attempt in Progress The following data were taken from the records of Coronado Company for the fiscal year ended June 30, 2020. Raw Materials Inventory 7/1/19 $51,600 Factory Insurance $5,200 Raw Materials Inventory 6/30/20 45,500 Factory Machinery Depreciation 17.900 Finished Goods Inventory 7/1/19 99.100 Factory Utilities 31.100 Finished Goods Inventory 6/30/20 22.300 Office Utilities Expense 9,450 Work in Process Inventory 7/1/19 29,600 Sales Revenue 557.100 Work in Process Inventory 6/30/20 28,100 Sales Discounts 5,000 Direct Labor 145,750 65,300 Plant Manager's Salary Factory Property Taxes Indirect Labor 26,660 9,710 Accounts Receivable 35,400 Factory Repairs 2,200 Raw Materials Purchases 99,000 Cash 39,400 (a) For the Year Ended June 30, 2020 Sales Revenue $ 557.100 Add : Cash 39.400 Cost of Goods Sold Finished Goods Inventory, July 1, 2019 99.100 1 Raw Materials Purchases Cost of Goods Available for Sale Less Finished Goods Inventory, June 30, 2020 22,300 i Cost of Goods Sold Gross Profit e Textbook and Media