Question
the following data were taken from the records of tamarisk company for the fiscal year ended june 30 2022 raw materials inventory 7/11 $57300 accounts
the following data were taken from the records of tamarisk company for the fiscal year ended june 30 2022 raw materials inventory 7/11 $57300 accounts receivable $37100 raw materials inventory 6/30/22 41100 Factory Insurance 5400 finished goods inventory 7/1/21 98800 Factory machine depreciation 16600 finished goods inventory 6/30/22 29500 factory utilities 31200 work in process inventory 7/1/21 24200 office utilites expense 9350 work in process inventory 6/30/22 21500 sales revenue 561200 direct labor 141450 sales discounts 5100 indirect labor 24660 factory manager salary 64200 factory property taxes 9910 factory repairs 1700 raw materials purchases 96900 cash 38300
The following data were taken from the records of Tamarisk Company for the fiscal year ended June 30, 2022. Prepare an income statement through gross profit. TAMARISK COMPANY Income Statement (Partial) $ $Step by Step Solution
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