Question
The following data were taken from the records of Flounder Company for the fiscal year ended June 30, 2017. Raw Material Inventory 7/1/16 $50,400 Factory
The following data were taken from the records of Flounder Company for the fiscal year ended June 30, 2017. Raw Material Inventory 7/1/16 $50,400 Factory Insurance $5,500 Raw Material Inventory 6/30/17 39,900 Factory Machinery Depreciation 18,100 Finished Goods Inventory 7/1/16 99,600 Factory Utilities 30,100 Finished Goods Inventory 6/30/17 20,600 Office Utilities Expense 8,650 Work in Process Inventory 7/1/16 27,300 Sales Revenue 562,100 Work in Process Inventory 6/30/17 20,100 Sales Discounts 5,300 Direct Labor 148,350 Plant Managers Salary 64,900 Indirect Labor 25,660 Factory Property Taxes 9,610 Accounts Receivable 28,000 Factory Repairs 2,200 Raw Material Purchases 98,700 Cash 38,200 Collapse question part (a) Prepare a cost of goods manufactured schedule. (Assume all raw materials used were direct materials.) FLOUNDER COMPANY Cost of Goods Manufactured Schedule $ $ : $ : $
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