The following data were taken from the records of Oriole Company for the fiscal year ended June 30, 2020.

Raw Materials Inventory 7/1/19		$57,500		Factory Insurance		$4,900
Raw Materials Inventory 6/30/20		41,500		Factory Machinery Depreciation		17,000
Finished Goods Inventory 7/1/19		96,300		Factory Utilities		31,100
Finished Goods Inventory 6/30/20		22,100		Office Utilities Expense		8,550
Work in Process Inventory 7/1/19		21,300		Sales Revenue		561,300
Work in Process Inventory 6/30/20		28,200		Sales Discounts		4,300
Direct Labor		142,650		Plant Managers Salary		65,100
Indirect Labor		26,760		Factory Property Taxes		9,610
Accounts Receivable		29,900		Factory Repairs		1,500
				Raw Materials Purchases		99,400
				Cash		42,100

1. Prepare a cost of goods manufactured schedule. (Assume all raw materials used were direct materials.)

Accounts/dates to choose from:

Cost of Goods ManufacturedDirect LaborDirect MaterialsDirect Materials UsedFactory Machinery DepreciationFactory InsuranceFactory Property TaxesFactory RepairsFactory UtilitiesIndirect LaborManufacturing OverheadPlant Managers SalaryRaw Materials Inventory, July 1, 2019Raw Materials Inventory, June 30, 2020Raw Materials PurchasesTotal Cost of Work in Process InventoryTotal Manufacturing CostsTotal Manufacturing OverheadTotal Raw Materials Available for UseWork in Process Inventory, July 1, 2019Work in Process Inventory, June 30, 2020Finished Goods Inventory, July 1, 2019Finished Goods Inventory, June 30, 2020Office Utilities ExpenseSales RevenueAccounts ReceivableSales DiscountsCash

2. Prepare an income statement through Gross Profit.

3. Prepare the current assets section of the balance sheet at June 30 2020