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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 Raw
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 $54,600 Factory Insurance $4,700 44,200 Factory Machinery Depreciation 17,700 96,800 Factory Utilities 31,600 26,300 Office Utilities Expense 8,550 Work in Process Inventory 7/1/19 24,600 Sales Revenue 562,900 Work in Process Inventory 6/30/20 29,600 Sales Discounts 4,600 Direct Labor 147,050 Plant Manager's Salary 65,400 Indirect Labor 25,660 Factory Property Taxes 9,610 Accounts Receivable 35,300 Factory Repairs 2,500 Raw Materials Purchases 98,100 Cash 36,300 Prepare a cost of goods manufactured schedule. (Assume all raw materials used were direct materials.) CLARKSON COMPANY Cost of Goods Manufactured Schedule
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