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The following data were taken from the records of Swifty Company for the fiscal year ended June 30, 2020. Raw Materials Inventory 7/1/19 $49,900 Factory

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

Raw Materials Inventory 7/1/19

$49,900

Factory Insurance

$4,800

Raw Materials Inventory 6/30/20

45,000

Factory Machinery Depreciation

17,100

Finished Goods Inventory 7/1/19

96,100

Factory Utilities

30,500

Finished Goods Inventory 6/30/20

28,500

Office Utilities Expense

9,550

Work in Process Inventory 7/1/19

22,700

Sales Revenue

556,800

Work in Process Inventory 6/30/20

29,200

Sales Discounts

4,500

Direct Labor

145,050

Plant Managers Salary

65,800

Indirect Labor

27,360

Factory Property Taxes

9,910

Accounts Receivable

34,100

Factory Repairs

1,500

Raw Materials Purchases

98,800

Cash

37,200

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

SWIFTY COMPANY Cost of Goods Manufactured Schedule choose the accounting period For the Year Ended June 30, 2020June 30, 2020For the Month Ended June 30, 2020

$enter a dollar amount

$enter a dollar amount

enter a dollar amount

enter a total of the two previous amounts

enter a dollar amount

$enter a total amount for section one

enter a dollar amount

enter a dollar amount

enter a dollar amount

enter a dollar amount

enter a dollar amount

enter a dollar amount

enter a dollar amount

enter a dollar amount
enter a total amount for section two
enter a total amount for the first part

enter a total amount for the second part

enter a dollar amount

$enter a total amount for this schedule

eTextbook and Media

List of Accounts

Prepare an income statement through gross profit.

SWIFTY COMPANY (Partial) Income Statement choose the accounting period For the Year Ended June 30, 2020June 30, 2020For the Month Ended June 30, 2020

$enter a dollar amount

enter a dollar amount

$enter a total amount for section one

enter a dollar amount

enter a dollar amount

enter a total of the two previous amounts

enter a dollar amount
enter a total amount for section two

$enter a total amount for this part of the statement

eTextbook and Media

List of Accounts

Prepare the current assets section of the balance sheet at June 30, 2020. (List Current Assets in order of liquidity.)

SWIFTY COMPANY (Partial) Balance Sheet choose the accounting period June 30, 2020For the Year Ended June 30, 2020For the Month Ended June 30, 2020

$enter a dollar amount

enter a dollar amount

$enter a dollar amount

enter a dollar amount

enter a dollar amount
enter a subtotal of the three previous amounts

$enter a total amount for this section

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