The following data were taken from the records of Concord Company for the fiscal year ended June 30, 2020. Raw Materials Inventory 7/1/19 Raw Materials Inventory 6/30/20 Finished Goods Inventory 7/1/19 Finished Goods Inventory 6/30/20 Work in Process Inventory 7/1/19 Work in Process Inventory 6/30/20 Direct Labor Indirect Labor Accounts Receivable $51,000 48,400 96.100 26,800 25,200 27.500 148,650 24,560 35,400 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 $5,000 17.200 30,500 9,550 556,300 5,000 65,000 9.710 2,400 98.400 35,800 Direct Labor Manufacturing Overhead Indirect Labor Factory Insurance Factory Machinery Depreciation