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

Raw Materials Inventory 7/1/19		$54,600		Factory Insurance		$4,700
Raw Materials Inventory 6/30/20		44,200		Factory Machinery Depreciation		17,700
Finished Goods Inventory 7/1/19		96,800		Factory Utilities		31,600
Finished Goods Inventory 6/30/20		26,300		Office Utilities Expense		8,550
Work in Process Inventory 7/1/19		24,600		Sales Revenue		562,900
Work in Process Inventory 6/30/20		29,600		Sales Discounts		4,600
Direct Labor		147,050		Plant Managers Salary		65,400
Indirect Labor		25,660		Factory Property Taxes		9,610
Accounts Receivable		35,300		Factory Repairs		2,500
				Raw Materials Purchases		98,100
				Cash		36,300

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

SHERIDAN COMPANY Cost of Goods Manufactured Schedule June 30, 2020For the Year Ended June 30, 2020For the Month Ended June 30, 2020
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Prepare an income statement through gross profit.

SHERIDAN COMPANY (Partial) Income Statement For the Month Ended June 30, 2020For the Year Ended June 30, 2020June 30, 2020
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Prepare the current assets section of the balance sheet at June 30, 2020. (List Current Assets in order of liquidity.)

SHERIDAN COMPANY (Partial) Balance Sheet For the Year Ended June 30, 2020For the Month Ended June 30, 2020June 30, 2020
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