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 $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 Question 11 of 11 -/5 E Prepare a cost of goods manufactured schedule. Assume all raw materials used were direct materials) CLARKSON COMPANY Cost of Goods Manufactured Schedule For the Year Ended June 30, 2020 $ > > > > > > > > > > > RE g Part 2 Prepare an income statement through gross profit. CLARKSON COMPANY (Partial) Income Statement > $ > e Textbook and Media List of Accounts Attempts: 0 of 3 used Submit Answer Save for Later Using multiple attempts will impact your score. 10% score reduction after attempt 2