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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 $50,000 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 $50,000 Factory Insurance $5,400 Raw Materials Inventory 6/30/201 47,300 Factory Machinery Depreciation 18,600 Finished Goods Inventory 7/1/19 97,800 Factory Utilities 31,000 Finished Goods Inventory 6/30/20 24,800 Office Utilities Expense 9,450 Work in Process Inventory 7/1/19 22,900 Sales Revenue 560,200 Work in Process Inventory 6/30/20 24,500 Sales Discounts 4,400 Direct Labor 144,850 Plant Manager's Salary 65,600 Indirect Labor 25,160 Factory Property Taxes 9.810 Accounts Receivable 27,300 Factory Repairs 1,500 Raw Materials Purchases 96,900 Cash. 41,500 (a) Prepare a cost of goods manufactured schedule. (Assume all raw materialsused were direct materiale) CLARKSON COMPANY Cost of Goods Manufactured Schedule
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