Income Statement (Partial) For the Year Ended June 30, 2022 $ The following data were taken from the records of Marin Company for the fiscal year ended June 30, 2022. Raw Materials Inventory 7/1/21 $50,000 Accounts Receivable $27,300 Raw Materials Inventory 6/30/22 47,300 Factory Insurance 5,400 Finished Goods Inventory 7/1/21 97,800 Factory Machinery Depreciation 18,600 Finished Goods Inventory 6/30/22 24,800 Factory Utilities 31,000 Work in Process Inventory 7/1/21 22,900 Offie Utilities Expense 9,450 Work in Process Inventory 6/30/22 24,500 Sales Revenue 560,200 Direct Labor 144,850 Sales Discounts 4,400 Indirect Labor 25,160 Factory Manager's Salary 65,600 Factory Property Taxes 9,810 Factory Repairs 1,500 Raw Materials Purchases 96,900 Cash 41,500 uestion 2 of 3 < Factory insurance 5400 Factory Machinery Depreciation 18600 Factory Utilities 31000 Factory Manager's Salary 65600 Factory Property Taxes 9810 Factory Repairs Total Manufacturing Overhead Total Manufacturing Costs Total Cost of Work in Process Less Work in Process, June 30, 2022 Cost of Goods Manufactured 4 th 1500 157070 S 401520 424420 11 24500 i 399920