(Partial) Income Statement 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 Raw Materials Purchase Total Raw materials available for use Raw Material Invetory, June 30,2017 Direct materials used Direct labor Manufacturing Overhead Plant manager's salary Factory utilities Indirect labor Factory machinery depreciation Factory property taxes Factory insurance Factory repairs Total manufacturing overhead Total manufacturing costs Work in process inventory, June 30,2017 Cost of goods Manufactured 27,700 48,100 99,200 S 147,300 S 46,200 101.100 144,150 64,400 29.200 $ 24,960 18,600 9,910 5,600 2,100 154,770 427,720 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 Factory Insurance $5,600 $48,100 Raw Materials Inventory 6/30/17 46,200 Factory Machinery Depreciation 18,600 Finished Goods Inventory 7/1/16 99,600 29,200 Factory Utities office Utities Expense Finished Goods Inventory 6/30/17 21,600 Work in Process Inventory 7/1/16 27,700 Sales Revenue 561400 Work in Process Inventory 6/30/17 25,300 Sales Discounts 4900 Direct Labor 144,150 Plant Manager's Salary 64,400 Indirect Labor 24,960 Factory Property Taxes 9,910 Accounts Receivable 29,900 Factory Repairs 2,100 99.200 Raw Materials Purchases