Question 1 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 $51,100 Factory Insurance $5,200 16,800 29,700 9,550 563,900 4,600 64,300 9,610 2,500 97,200 37,900 41,600 Factory Machinery Depreciation 96,800 Factory Utilities 27,800 Office Utilities Expense 21,300 Sales Revenue 27,900Sales Discounts 144,350 Plant Manager's Salary Factory Property Taxes Factory Repairs Raw Materials Purchases Cash 26,360 34,600 Prepare a cost of goods manufactured schedule. (Assume all raw materials used were direct materials.)