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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 $51,000 Factory
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 | $51,000 | Factory Insurance | $5,000 | |||
Raw Materials Inventory 6/30/20 | 48,400 | Factory Machinery Depreciation | 17,200 | |||
Finished Goods Inventory 7/1/19 | 96,100 | Factory Utilities | 30,500 | |||
Finished Goods Inventory 6/30/20 | 26,800 | Office Utilities Expense | 9,550 | |||
Work in Process Inventory 7/1/19 | 25,200 | Sales Revenue | 556,300 | |||
Work in Process Inventory 6/30/20 | 27,500 | Sales Discounts | 5,000 | |||
Direct Labor | 148,650 | Plant Managers Salary | 65,000 | |||
Indirect Labor | 24,560 | Factory Property Taxes | 9,710 | |||
Accounts Receivable | 35,400 | Factory Repairs | 2,400 | |||
Raw Materials Purchases | 98,400 | |||||
Cash | 35,800 |
Prepare a cost of goods manufactured schedule. (Assume all raw materials used were direct materials.)
answer in format above thanks.
Prepare a cost of goods manufactured schedule. (Assume all raw materials used were direct materials.) CLARKSON COMPANY Cost of Goods Manufactured Schedule $Step by Step Solution
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