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The following data were taken from the records of Clarkson Company for the fiscal year ended June 30, 2017. Raw Materials Inventory 7/1/16 $51,600 Factory

The following data were taken from the records of Clarkson Company for the fiscal year ended June 30, 2017. Raw Materials Inventory 7/1/16 $51,600 Factory Insurance $5,200 Raw Materials Inventory 6/30/17 45,500 Factory Machinery Depreciation 17,900 Finished Goods Inventory 7/1/16 99,100 Factory Utilities 31,100 Finished Goods Inventory 6/30/17 22,300 Office Utilities Expense 9,450 Work in Process Inventory 7/1/16 29,600 Sales Revenue 557,100 Work in Process Inventory 6/30/17 28,100 Sales Discounts 5,000 Direct Labor 145,750 Plant Managers Salary 65,300 Indirect Labor 26,660 Factory Property Taxes 9,710 Accounts Receivable 35,400 Factory Repairs 2,200 Raw Materials Purchases 99,000 Cash 39,400 Prepare a cost of goods manufactured schedule. (Assume all raw materials used were direct materials. Prepare an income statement through gross profit Prepare the current assets section of the balance sheet at June 30, 2017.

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