(Partial) Income Statement $ 27,700 $ $ 101,100 144,150 Cost of goods manufactured Schedule For the year Ended June 30,2017 Work in process inventory, July 1,2016 Direct Materials: Raw Materials Inventory, July 1,2016 $ 48,100 Raw Materials Purchase $ 99,200 Total Raw materials available for use $ 147,300 Raw Material Inventory, June 30,2017 $ 46,200 Direct materials used Direct labor Manufacturing Overhead Plant manager's salary $ 64,400 Factory utilities $ 29,200 Indirect labor $ 24,960 Factory machinery depreciation $ 18,600 Factory property taxes $ 9,910 Factory insurance $ 5,600 Factory repairs $ 2,100 Total manufacturing overhead Total manufacturing costs Work in process inventory, June 30,2017 Cost of goods Manufactured $ $ $ $ 154,770 427,720 25,300 402,420 The following data were taken from the records of Clarkson Company for the fiscal year ended June 30, 2017. Raw Materials Inventory 7/1/16 Raw Materials Inventory 6/30/17 Finished Goods Inventory 7/1/16 Finished Goods Inventory 6/30/17 Work in Process Inventory 7/1/16 Work in Process Inventory 6/30/17 Direct Labor Indirect Labor Accounts Receivable $48,100 46,200 99,600 21,600 27,700 25,300 144,150 24,960 29,900 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 Cash $5,600 18,600 29,200 8,850 561,400 4,900 64,400 9,910 2,100 99,200 40,700