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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 $51,600 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 | $51,600 | Factory Insurance | $5,200 | |||
Raw Materials Inventory 6/30/20 | 45,500 | Factory Machinery Depreciation | 17,900 | |||
Finished Goods Inventory 7/1/19 | 99,100 | Factory Utilities | 31,100 | |||
Finished Goods Inventory 6/30/20 | 22,300 | Office Utilities Expense | 9,450 | |||
Work in Process Inventory 7/1/19 | 29,600 | Sales Revenue | 557,100 | |||
Work in Process Inventory 6/30/20 | 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.)
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