epare a cost of goods anufactured schedule, a rtial income statement, d a partial balance sheet. O 5, 6, 7), AP LS P1-4A The following data were taken from the records of Clarkson Company for the fiscal year ended June 30, 2014. Raw Materials Inventory 7/1/13 Raw Materials Factory Insurance $ 4,600 $ 48,000 Factory Machinery Depreciation 16,000 Inventory 6/30/14 39,600 Factory Utilities 27,600 Finished Goods Office Utilities Expense 8,650 Inventory 7/1/13 96,000 Sales Revenue 534,000 Finished Goods Sales Discounts Inventory 6/30/14 75,900 Plant Manager's Salary 4,200 58,000 Problems: Set B Work in Process Inventory 7/1/13 Factory Property Taxes $ 9,600 $ 19,800 Factory Repairs 1,400 Work in Process Raw Materials Purchases 96,400 Inventory 6/30/14 18,600 Cash 32,000 Direct Labor 139,250 Indirect Labor 24,460 Accounts Receivable 27,000 Instructions (a) Prepare a cost of goods manufactured schedule. (Assume all raw materials used were (a) CGM direct materials.) (b) Prepare an income statement through gross profit. (c) Prepare the current assets section of the balance sheet at June 30, 2014. $386,910 (b) Gross profit $122,790 (c) Current assets $193,100