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The following data were taken from the records of Stellar Manufacturing Company for the fiscal year ended December 31, 2020: Factory Machinery Depreciation Factory Utilities
The following data were taken from the records of Stellar Manufacturing Company for the fiscal year ended December 31, 2020: Factory Machinery Depreciation Factory Utilities $7,780 12,980 Raw Materials Inventory (1/1/20) Raw Materials Inventory (12/31/20) Finished Goods Inventory (1/1/20) Finished Goods Inventory (12/31/20) Work in Process Inventory (1/1/20) Work in Process Inventory (12/31/20) $47,400 44,450 85,000 77,300 Office Utilities Sales Sales Discounts 10,000 7,500 8,600 465,080 2,500 40,750 7,020 Direct Labour 145,450 Plant Manager's Salary Factory Property Taxes Factory Repairs Raw Materials Purchases Indirect Labour 820 Accounts Receivable 18,500 27,300 7,400 62,500 28,650 Factory Insurance Cash Prepare a cost of goods manufactured schedule. (Assume all raw materials used were direct materials.) STELLAR MANUFACTURING COMPANY Cost of Goods Manufactured Schedule For the Year Ended December 31, 2020 $ $ vi $ .. $ Prepare an income statement through gross profit. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) STELLAR MANUFACTURING COMPANY (Partial) Income Statement $ $ V $ Prepare the current assets section of the balance sheet at December 31, 2020. (List Current Assets in order of liquidity.) STELLAR MANUFACTURING COMPANY (Partial) Balance Sheet Assets $ $ $
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