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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 $54,800
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 $54,800 Factory Insurance $5,300 Raw Materials Inventory 6/30/20 49,200 Factory Machinery Depreciation 16,500 Finished Goods Inventory 7/1/19 Finished Goods Inventory 6/30/20 96,400 Factory Utilities 29,500 28,500 Office Utilities Expense 9,250 Work in Process Inventory 7/1/19 22,600 Sales Revenue 561,300 Work in Process Inventory 6/30/20 27,300 Sales Discounts 4,500 Direct Labor 139,550 Plant Manager's Salary 66,100 Indirect Labor 24,960 Factory Property Taxes 9,710 Accounts Receivable 34,900 Factory Repairs 2,300 Raw Materials Purchases 99,500 Cash 36,300 Prepare a cost of goods manufactured schedule. (Assume all raw materials used were direct materials.) Raw Materials Inventory, July 1, 2019 Raw Materials Purchases Less : Raw Materials Inventory, June 30, 2020 CLARKSON COMPANY Cost of Goods Manufactured Schedule For the Year Ended June 30, 2020 $ S Less : Raw Materials Inventory, June 30, 2020 Direct Labor Manufacturing Overhead Indirect Labor Factory Insurance Factory Machinery Depreciation Factory Utilities Plant Manager's Salary > > > > > > A Plant Manager's Salary Factory Property Taxes Factory Repairs Total Manufacturing Overhead Total Manufacturing Costs > Work in Process Inventory, July 1, 2019 Less Work in Process Inventory, June 30, 2020 Cost of Goods Manufactured A ||
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