Question
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 | $4,800 | |||
---|---|---|---|---|---|---|
Raw Materials Inventory 6/30/20 | 45,000 | Factory Machinery Depreciation | 17,100 | |||
Finished Goods Inventory 7/1/19 | 96,100 | Factory Utilities | 30,500 | |||
Finished Goods Inventory 6/30/20 | 28,500 | Office Utilities Expense | 9,550 | |||
Work in Process Inventory 7/1/19 | 22,700 | Sales Revenue | 556,800 | |||
Work in Process Inventory 6/30/20 | 29,200 | Sales Discounts | 4,500 | |||
Direct Labor | 145,050 | Plant Managers Salary | 65,800 | |||
Indirect Labor | 27,360 | Factory Property Taxes | 9,910 | |||
Accounts Receivable | 34,100 | Factory Repairs | 1,500 | |||
Raw Materials Purchases | 98,800 | |||||
Cash | 37,200 |
Prepare a cost of goods manufactured schedule. (Assume all raw materials used were direct materials.)
SWIFTY COMPANY Cost of Goods Manufactured Schedule choose the accounting period For the Year Ended June 30, 2020June 30, 2020For the Month Ended June 30, 2020 | ||||||
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enter a total of the two previous amounts | ||||||
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eTextbook and Media
List of Accounts
Prepare an income statement through gross profit.
SWIFTY COMPANY (Partial) Income Statement choose the accounting period For the Year Ended June 30, 2020June 30, 2020For the Month Ended June 30, 2020 | ||||
---|---|---|---|---|
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$enter a total amount for section one | ||||
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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 | ||||||
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enter a subtotal of the three previous amounts | ||||||
$enter a total amount for this section |
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