P14-4A The following data were taken from the records of Clarkson Company for the fiscal year ended June 30, 2014. Raw Materials In ntory 7/1/132 $ 48,000 Factory Insurance Factory Machinery MOH $ 4,600 Raw Materials Inventory 6/30/14 39,600 Depreciation Factory Utilities MOH 16,000 27,600 Finished Goods Office Utilities Expense 8,650 Inventory 7/1/13 96,000 Sales Revenue 534,000 Finished Goods Sales Discounts 4,200 Inventory 6/30/14 75,900 Plant Manager's Salary MOH 58,000 Work in Process Factory Property Taxes MOH 9,600 Inventory 7/1/13 19,800 Factory Repairs MOH 1,400 Work in Process Raw Materials Purchases 96,400 Inventory 6/30/14 18,600 Cash 32,000 Direct Labor 139,250 Indirect Labor 24,460 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 June 30, 2014. ufacturer of computers. Its controller resigned in 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 June 30, 2014. (a) (b) (c) Pr Its santrallar racigned in