Font Alignment Number B7 Finished Goods Inventory, 7/1/16 P15-4A Prepare a cost of goods manufactured schedule, a partial income statement and a partial balance sh The following data were taken from the records of Clarkson Company for the fiscal year ended June 30, 2017 Raw Materials Inventory,7/1/16 $48,000 actory Machinery Depreciatio Raw Materials Inventory, 6/30/17 39,600 Factory Utilities Finished Goods Inventory, T196,000 Office Utilities Expense $16,000 27,600 8,650 534,000 4,200 58,000 9,600 1,400 96,400 32,000 8 Finished Goods Inventory, 6/30/17 75,900 Sales Revenue Work in Process Inventory, 7/1/16 Work in Process Inventory, 6/30/17 Direct Labor Indirect Labor Accounts Receivable Factory Insurance 19,800 18,600 139,250 24,460 27,000 Sales Discounts Plant Manager's Salary Factory Property Taxes Factory Repairs Raw Materials Purchases 4,600 Cash 16 Instructions 17 (a) Prepare a cost of goods manufactured schedule. (Assume all raw materials used were direct materials.) 8 (b) Prepare an income statement through gross profit 19 (c) Prepare the current assets section of the balance sheet at June 30, 2017 20 NOTE: Enter a number in cells requesting a value; enter either a number or a formula in cells with a "?" 24 (a) Prepare a cost of goods manufactured schedule. (Assume all raw materials used were direct materials) 26 CLARKSON COMPANY :44i E15-4 E15-12 E15-16 Pi5-4A P15-5A.CD 15