Prepare a cost of goods manufactured schedule, a partial income statement, and a partial balance sheet.

Excel

$\backslash$table$[[$Raw Materials,,Factory Insurance,$ $4,600],[$Inventory $\frac{7}{1}\frac{?}{19},$$$48,000,$Factory Machinery,$],[$Raw Materials,,Depreciation,$16,000],[$Inventory $6/30/20,39,600,$Factory Utilities,$27,600],[$Finished Goods,,Office Utilities Expense,$8,650],[$Inventory $\frac{7}{1}\frac{?}{19},96,000,$Sales Revenue,$534,000],[$Finished Goods,,Sales Discounts,$4,200],[$Inventory $6/30/20,75,900,$Plant Manager's Salary,$58,000],[$Work in Process,,Factory Property Taxes,$9,600],[$Inventory $\frac{7}{1}\frac{?}{19},19,800,$Factory Repairs,$1,400],[$Work in Process,,Raw Materials Purchases,$96,400],[$Inventory $\frac{6}{30}\frac{?}{20},18,600,$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.$)$

CGM $$386,910$

b$.$ Prepare an income statement through gross profit

Gross profit $$122,790$

c$.$ Prepare the current assets section of the balance sheet at June $30,2020$

Current assets $$193,100$