Problem 1-4A (Video) The following data were taken from the records of Clarkson Company for the fiscal year ended June 30, 2020. Raw Materials Inventory 7/1/19 $52,600 Factory Insurance $5,700 Raw Materials Inventory 6/30/20 49,400 Factory Machinery Depreciation. 18,100 Finished Goods Inventory 7/1/19 99,400 Factory Utilities 29,900 Finished Goods Inventory 6/30/20 24,300 Office Utilities Expense 8,750 Work in Process Inventory 7/1/19 21,200 Sales Revenue 562,600 Work in Process Inventory 6/30/20 23,200 Sales Discounts 4,400 Direct Labor 142,650 Plant Manager's Salary 62,400 Indirect Labor 24,960 Factory Property Taxes 9,910 Accounts Receivable 31,400 Factory Repairs 1,600 Raw Materials Purchases 97,600 Cash 39,100