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please and thank you P19.4A (LO 3) The following data were taken from the records of Clarkson Company for the fiscal year ended June 30,

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P19.4A (LO 3) The following data were taken from the records of Clarkson Company for the fiscal year ended June 30, 2020. Prepare a cost of goods manufactured schedule, a partial income statement, and a partial balance sheet. C Excel $ 4,600 $ 48,000 Inventory 7/1/19 Raw Materials Inventory 6/30/20 Finished Goods Inventory 7/1/19 39,600 96,000 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 16,000 27,600 8,650 534,000 4,200 58,000 9,600 1,400 96,400 75,900 Inventory 6/30/20 Work in Process Inventory 7/1/19 Work in Process 19,800 $ 4,600 $ 48,000 Factory Insurance Factory Machinery Depreciation Factory Utilities 39,600 96,000 Raw Materials Inventory 7/1/19 Raw Materials Inventory 6/30/20 Finished Goods Inventory 7/1/19 Finished Goods Inventory 6/30/20 Work in Process Inventory 7/1/19 Work in Process Inventory 6/30/20 Direct Labor Indirect Labor Accounts Receivable 16,000 27,600 8,650 534,000 4,200 58,000 9,600 1,400 96,400 32,000 Sales Revenue Sales Discounts Plant Manager's Salary Factory Property Taxes Factory Repairs Raw Materials Purchases Cash 75,900 19,800 18,600 139,250 24,460 27,000 Instructions Instructions a. Prepare a cost of goods manufactured schedule. (Assume all raw materials used were b. Prepare an income statement through gross profit. c. Prepare the current assets section of the balance sheet at June 30, 2020 a. CGM $386,910 b. Gross profit $122,790 c. Current assets $193,100

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