Question
The following data were taken from the records of Bramble Company for the fiscal year ended June 30, 2020. Raw Materials Inventory 7/1/19 $48,900 Factory
The following data were taken from the records of Bramble Company for the fiscal year ended June 30, 2020.
Raw Materials Inventory 7/1/19 | $48,900 | Factory Insurance | $5,100 | |||
---|---|---|---|---|---|---|
Raw Materials Inventory 6/30/20 | 46,900 | Factory Machinery Depreciation | 18,000 | |||
Finished Goods Inventory 7/1/19 | 97,700 | Factory Utilities | 30,000 | |||
Finished Goods Inventory 6/30/20 | 21,600 | Office Utilities Expense | 9,350 | |||
Work in Process Inventory 7/1/19 | 25,200 | Sales Revenue | 558,900 | |||
Work in Process Inventory 6/30/20 | 23,700 | Sales Discounts | 5,000 | |||
Direct Labor | 142,050 | Plant Managers Salary | 65,200 | |||
Indirect Labor | 25,360 | Factory Property Taxes | 9,710 | |||
Accounts Receivable | 35,500 | Factory Repairs | 2,200 | |||
Raw Materials Purchases | 96,700 | |||||
Cash | 40,700 |
Prepare a cost of goods manufactured schedule. (Assume all raw materials used were direct materials.)
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