Inventory 1/1/14 $ 47,000 Factory Insurance Factory Machinery P14-4B The following data were taken from the records of Moxie Company for the year Prepare a cost of goods ended December 31, 2014. Raw Materials manufactured schedule, a partial income statement, $ 7,400 and a partial balance sheet. (LO 5, 6, 7), AP Raw Materials Inventory 12/31/14 44,200 Depreciation Factory Utilities 7,700 XLS 12,900 Finished Goods Office Utilities Expense 8,600 Inventory 1/1/14 85,000 Sales Revenue 465,000 Finished Goods Sales Discounts 2,500 Inventory 12/31/14 57,800 Plant Manager's Salary 60,000 Work in Process Factory Property Taxes 6,100 Inventory 1/1/14 9,500 Factory Repairs 800 Work in Process Raw Materials Purchases 62,500 Inventory 12/31/14 8,000 Cash 18,000 Direct Labor 145,100 Indirect Labor 18,100 Accounts Receivable 27,000 Instructions (a) Prepare a cost of goods manufactured schedule. (Assume all raw materials used were direct materials.) (b) Prepare an income statement through gross profit. (c) Prepare the current assets section of the balance sheet at December 31. (a) CGM $324,900 (b) Gross profit (c) Current assets $110,400 $155.000