Question
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 Raw Materials
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
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
$51,100
41,600
96,800
27,800
21,300
27,900
144,350
26,360
34,600
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
$5,200
16,800
29,700
9,550
563,900
4,600
64,300
9,610
2,500
97,200
37,900
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