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Problem 19-04A a-c (Video) The following data were taken from the records of Bonita Company for the fiscal year ended June 30, 2020. Raw Materials
Problem 19-04A a-c (Video) The following data were taken from the records of Bonita Company for the fiscal year ended June 30, 2020. 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 $56,700 40,400 96,100 20,100 28,600 24,500 142,850 25,160 34,800 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 $5,100 17,300 30,600 8,550 560,600 4,800 61,500 9,810 2,000 97,600 41,900 Prepare a cost of goods manufactured schedule. (Assume all raw materials used were direct materials.) BONITA COMPANY Cost of Goods Manufactured Schedule Prepare an income statement through gross profit. BONITA COMPANY (Partial) Income Statement V $
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