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The following data were taken from the records of Marigold Company for the fiscal year ended June 30, 2017. Raw Material Inventory 7/1/16 $58,100 Factory
The following data were taken from the records of Marigold Company for the fiscal year ended June 30, 2017.
Raw Material Inventory 7/1/16 | $58,100 | Factory Insurance | $4,800 | |||
Raw Material Inventory 6/30/17 | 46,600 | Factory Machinery Depreciation | 17,100 | |||
Finished Goods Inventory 7/1/16 | 99,700 | Factory Utilities | 29,400 | |||
Finished Goods Inventory 6/30/17 | 21,900 | Office Utilities Expense | 9,350 | |||
Work in Process Inventory 7/1/16 | 21,200 | Sales Revenue | 560,500 | |||
Work in Process Inventory 6/30/17 | 29,400 | Sales Discounts | 4,700 | |||
Direct Labor | 147,550 | Plant Managers Salary | 63,400 | |||
Indirect Labor | 25,360 | Factory Property Taxes | 9,910 | |||
Accounts Receivable | 28,000 | Factory Repairs | 2,500 | |||
Raw Material Purchases | 97,300 | |||||
Cash | 39,200 |
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