Question
The following data were taken from the records of Larkspur Company for the fiscal year ended June 30, 2022. Raw Materials Inventory 7/1/21 $50,200 Accounts
The following data were taken from the records of Larkspur Company for the fiscal year ended June 30, 2022. Raw Materials Inventory 7/1/21 $50,200 Accounts Receivable $27,200 Raw Materials Inventory 6/30/22 42,000 Factory Insurance 5,700 Finished Goods Inventory 7/1/21 98,100 Factory Machinery Depreciation 17,100 Finished Goods Inventory 6/30/22 24,700 Factory Utilities 28,800 Work in Process Inventory 7/1/21 22,000 Office Utilities Expense 8,850 Work in Process Inventory 6/30/22 27,900 Sales Revenue 560,300 Direct Labor 139,350 Sales Discounts 5,000 Indirect Labor 24,760 Factory Managers Salary 64,900 Factory Property Taxes 9,610 Factory Repairs 2,200 Raw Materials Purchases 97,000 Cash 37,300 Chapter 19: Homework Question 5 of 5 - / 1 Prepare a cost of goods manufactured schedule. (Assume that all raw materials used were direct materials.) LARKSPUR COMPANY Cost of Goods Manufactured Schedule For the Year Ended June 30, 2022 Work in Process, July $ Direct Materials Raw Materials Invent $ Raw Materials Purch Total Raw Materials A Less : Raw Materials Inven Direct Materials Use $ Direct Labor Manufacturing Over Indirect Labor 50200 97000 Chapter 19: Homework Question 5 of 5 - / 1 Factory Repairs Factory Utilities Factory Machinery D Factory Insurance Factory Property Tax Total Manufacturing Total Manufacturing Total Cost of Work in Less : Work in Process, Jun Cost of Goods Manuf $ eTextbook and Media Assistance Used List of Accounts Chapter 19: Homework Question 5 of 5 - / 1 Prepare an income statement through gross profit. LARKSPUR COMPANY Income Statement (Partial) Cost of Goods Sold $
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