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i need help filling out the blanks! please and thank you! The following data were taken from the records of Sheffield Company for the fiscal
i need help filling out the blanks! please and thank you!
The following data were taken from the records of Sheffield Company for the fiscal year ended June 30, 2020. $50,200 $5,700 42,000 17,100 98,100 28,800 24.700 8,850 Raw Materials Inventory 7/1/19 Raw Materials Inventory 6/30/20 Finished Goods Inventory 7/1/19 Finished Goods Inventory 6/30/20 Work in Process Inventory 7/1/19 Work in Process Inventory 6/30/20 Direct Labor Indirect Labor Accounts Receivable 22,000 560,300 Factory Insurance Factory Machinery Depreciation Factory Utilities Office Utilities Expense Sales Revenue Sales Discounts Plant Manager's Salary Factory Property Taxes Factory Repairs Raw Materials Purchases 27.900 5,000 139,350 64.900 24,760 9,610 27,200 2,200 97,000 Cash 37,300 Prepare a cost of goods manufactured schedule. (Assume all raw materials used were direct materials.) SHEFFIELD COMPANY Cost of Goods Manufactured Schedule $ $ SHEFFIELD COMPANY (Partial) Income Statement $ $ SHEFFIELD COMPANY (Partial) Balance Sheet $ $ . $ . $ Step by Step Solution
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