The following data were taken from the records of Clarkson Company for the fiscal year ended June 30, 2014 Raw Materials Inventory 7/1/13 $48,390 Factory Insurance Raw Materials Inventory 6/30/14 39,690 $4,140 15,620 27,300 8,580 Factory Machiner Depreciation Factory Utilities Office Utilities Expense Sales Revenue Finished Goods Inventory 7/1/1396,320 Finished Goods Inventory 6/30/14 Work in Process Inventory 7/1/1319,950 Work in Process Inventory 6/30/14 Direct Labor Indirect Labor Accounts Receivable 79,510 530,710 3,930 58,950 9,330 1,510 96,810 31,620 18,280 Sales Discounts Plant Manager's Salary Factory Property Taxes Factory Repairs Raw Materials Purchases Cash 138,980 24,340 26,670