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The following data were taken from the records of Stellar Manufacturing Company for the fiscal year ended June 30, 2010. Raw Materials Inventory 7/1/09 $
The following data were taken from the records of Stellar Manufacturing Company for the fiscal year ended June 30, 2010. Raw Materials Inventory 7/1/09 $ 48,325 Factory Machinery Depreciation $ 16,300 Raw Materials Inventory 6/30/10 39,828 Factory Utilities 27,962 Finished Goods Inventory 7/1/09 95,694 Office Utilities Expense 8,195 Finished Goods Inventory 6/30/10 98,529 Sales 552,660 Work in Process Inventory 7/1/09 20,240 Sales Discounts 3,857 Work in Process Inventory 6/30/10 18,690 Plant Manager's Salary 29,302 Direct Labor 149,110 Factory Property Taxes 9,367 Indirect Labor 24,045 Factory Repairs 1,416 Accounts Receivable 26,642 Raw Materials Purchases 96,406 Factory Insurance 4,721 Cash 32,390 Complete the cost of goods manufactured schedule. (Assume all raw materials used were direct materials.) (List amounts for Manufacturing overhead from largest to smallest eg 10, 5, 3, 2.) STELLAR MANUFACTURING COMPANY Cost of Goods Manufactured Schedule For the Year Ended June 30, 2010 Complete an income statement through gross profit. STELLAR MANUFACTURING COMPANY (Partial) Income Statement For the Year Ended June 30, 2010 Complete the current assets section of the balance sheet at June 30, 2010. (List amounts from largest to smallest eg 10, 5, 3, 2.) STELLAR MANUFACTURING COMPANY (Partial) Balance Sheet June 30, 2010
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