Problem 15 4A (Part Level Submission) 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 Raw Materials Inventory 6/30/17 Finished Goods Inventory 7/1/16 Finished Goods Inventory 6/30/17 Work in Process Inventory 7/1/16 Work in Process Inventory 6/30/17 Direct Labor Indirect Labor Accounts Receivable $48,100 39,700 96,100 19,900 19,900 19,900 139,350 24,560 27,100 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 Cash $4,700 16,100 28,700 8,550 555,000 4,300 61,100 9,610 1,500 96,500 32,100 Your answer is partially correct. Try again Prepare a cost of goods manufactured schedule. (Assume all raw materials used were direct materlals.) CLARKSON COMPANY Cost of Goods Manufactured Schedule For the Year Ended June 30, 2017 Work in Process Inventory, July 1, 2016 19900 Direct Materials Raw Materials Inventory, July 1, 2016 48100 Raw Materlals Purchases 96100 Total Raw Materlals Avallable for Use 144200 Less Raw Materials Inventory, June 30, 2017 39700 Direct Materials Used 104500 Direct Labor 139350 Manufacturing Overhead Plant Manager's Salar 61100 24560 28700 16100 Indirect Labor Factory Machinery Depreciation Factory Insurance Factory Property Taxes Factory Repairs Total Manufacturing Overhead 4700 9610 1500 146270 Total Manufacturing Costs 390120 Total Cost of Work in Process Inventor 410020 Less Work in Process Inventory, June 30, 2017 V 19900 Cost of Goods Manufactured 390120