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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 $48,000 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 | $48,000 | Factory Insurance | $4,600 | |||
Raw Materials Inventory 6/30/20 | 39,600 | Factory Machinery Depreciation | 16,000 | |||
Finished Goods Inventory 7/1/19 | 96,000 | Factory Utilities | 27,600 | |||
Finished Goods Inventory 6/30/20 | 75,900 | Office Utilities Expense | 8,650 | |||
Work in Process Inventory 7/1/19 | 19,800 | Sales Revenue | 534,000 | |||
Work in Process Inventory 6/30/20 | 18,600 | Sales Discounts | 4,200 | |||
Direct Labor | 139,250 | Plant Managers Salary | 58,000 | |||
Indirect Labor | 24,460 | Factory Property Taxes | 9,600 | |||
Accounts Receivable | 27,000 | Factory Repairs | 1,400 | |||
Raw Materials Purchases | 96,400 | |||||
Cash | 32,000 |
Prepare a cost of goods manufactured schedule. (Assume all raw materials used were direct materials.)
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