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The following data were taken from the records of Coronado Company for the fiscal year ended June 30, 2020. Raw Materials Inventory 7/1/19 Raw Materials
The following data were taken from the records of Coronado 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 $57,300 41,100 98,800 29,500 24,200 21,500 141,450 24,660 37,100 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 16,600 31,200 9,350 561,200 5,100 64,200 9,910 1,700 96,900 38,300 Prepare a cost of goods manufactured schedule. Assume all raw materials used were direct materials.) CORONADO COMPANY Cost of Goods Manufactured Schedule Prepare an income statement through gross profit. CORONADO COMPANY (Partial) Income Statement Prepare the current assets section of the balance sheet at June 30, 2020. (List Current Assets in order of liquidity.) CORONADO COMPANY (Partial) Balance Sheet
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