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 Raw Materials Inventory 6/30/17 Finished Goods Inventory 7/1/16 Finished Goods Inventory 6/30/17 Work in Process Inventory 7/1/16 Work in Process Inventory 6/30/17 Direct Labor Indirect Labor Accounts Receivable $51,500 47,900 98,100 27,700 25,200 21,000 145,850 25,260 35,200 Factory Insurance Factory Machinery Depreciation Factory Utilities Office Utilities Expense Sales Revenue Sales Discounts Plant Manager's Salary Factory Property Taxes Factory Repairs Raw Materials Purchases Cash $5,400 17,200 29,000 9,050 561,600 4,900 61,200 9,710 1,700 98,500 37,200 Your answer is partially correct. Try again. Prepare a cost of goods manufactured schedule. (Assume all raw materials used were direct materials.) CLARKSON COMPANY Cost of Goods Manufactured Schedule For the Year Ended June 30, 2017 Work in Process Inventory, July 1, 2016 25,200 Direct Materials Raw Materials Inventory, July 1, 2016 51500 Raw Materials Purchases 98500 Total Raw Materials Available for Use 150000 Less Raw Materials Inventory, June 30, 2017 47900 Less Raw Materials Inventory, June 30, 2017 47900 Direct Materials Used 102100 Direct Labor 145850 Manufacturing Overhead Plant Manager's Salary Factory Utilities Indirect Labor Factory Machinery Depreciation Factory Property Taxes Factory Insurance Factory Repairs Total Manufacturing Overhead 61200 29000 25260 17200 9710 5400 1700 397420 Total Manufacturing Costs 422620 Plant Manager's Salary 21000 Less. Work in Process Inventory, June 30, 2017 401620 Total Manufacturing Costs