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i just need help with the Partial Balance Sheet. thank you so much!! please and thank you!! work in progress july1 =24600 The following data
i just need help with the Partial Balance Sheet. thank you so much!! please and thank you!!
The following data were taken from the records of Sage Hill Company for the fiscal year ended June 30, 2022. Raw Materials Inventory 7/1/21 $54,600 Accounts Receivable $35,300 Raw Materials Inventory 6/30/22 44,200 Factory Insurance: 4,700 Finished Goods Inventory 7/1/21 96,800 Factory Machinery Depreciation 17,700 Finished Goods Inventory 6/30/22 26,300 Factory Utilities 31,600 24,600 Office Utilities Expense 8,550 Work in Process Inventory 7/1/21 Work in Process Inventory 6/30/22 29,600 Sales Revenue 562,900 Direct Labor 147,050 Sales Discounts 4,600 Indirect Labor 25,660 Factory Manager's Salary 65,400 Factory Property Taxes 9,610 Factory Repairs 2,500 Raw Materials Purchases i 98,100 Cash 36,300 Indirect Labor Factory Insurance Factory Machinery Depreciation Factory Utilities Factory Manager's Salary Factory Property Taxes: Factory Repairs Total Manufacturing Overhead Total Manufacturing Costs Total Cost of Work in Process Less 1 Work in Process, June 30, 2022 25660 4700 17700 31600 65400 9610 2500 157170 ad s, June 30, 2022 List of Accounts 9610 2500 157170 412720 437320 (29600) 407720 Income Statement (Partial) For the Year Ended June 30, 2022 Sales Revenue Less : Sales Discounts Net Sales Cost of Goods Sold Finished Goods Inventory, July 1, 2021 + Cost of Goods Manufactured : Cost of Goods Available for Sale Less : Finished Goods Inventory, June 30, 2022 Cost of Goods Sold 562900 (4600) 96800 i 407720 504520 i (26300) i 558300 478220 Finished Goods Inventory, July 1, 2021 : Cost of Goods Manufactured Cost of Goods Available for Sale Less # Finished Goods Inventory, June 30, 2022 Cost of Goods Sold Gross Profit 96800 i 407720 i 504520 i (26300) $ i 80080 478220 Balance Sheet (Partial) ASSETS work in progress july1 =24600
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