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Prepare a cost of goods manufactured schedule (assume all raw materials used were direct materials) Problem 19-4A The following data were taken from the records
Prepare a cost of goods manufactured schedule (assume all raw materials used were direct materials)
Problem 19-4A 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 $57,300 Factory Insurance $5,400 16,600 Raw Materials Inventory 6/30/17 41,100 Factory Machinery Depreciation 31,200 Finished Goods Inventory 7/1/16 98,800 Factory Utilities 29,500 Office Utilities Expense 9,350 Finished Goods Inventory 6/30/17 Work in Process Inventory 7/1/16 24,200 Sales Revenue 561,200 Work in Process Inventory 6/30/17 21,500 Sales Discounts 5,100 Direct Labor 141,450 Plant Manager's Salary 64,200 Indirect Labor 24,660 Factory Property Taxes 9,910 Accounts Receivable 37,100 Factory Repairs 1,700 96,900 Raw Materials Purchases 38,300 Cash Step by Step Solution
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