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The following data were taken from the records oi Clarkson Company for the fiscal year ended June 30, 2020. Raw Materials Inventory. 711119 548.000 Flaw
The following data were taken from the records oi Clarkson Company for the fiscal year ended June 30, 2020. Raw Materials Inventory. 711119 548.000 Flaw Materials Inventory. Bf30l20 39.600 Finished Goods Inventory. 711 I19 96'0\") Finished Goods Inventory. BISOIZO 75.900 Work in Process Inventory, 711/19 193" Work in Process inventory, 5/3020 18.600 Direct Labor 139.250 Indirect Labor 24.460 accounts Receivable 27,000 Instructions: Factory Insurance $4.600 Factory Machinery Depreciation 16.000 Factory Utilities 27.600 Office Utiities Expense 8.650 Sales Revenue 534.000 Sales Discounts 4,200 Plant Manager's Salary 58.000 Factory Property Taxes 9.600 Factory Repairs 1.400 Raw Materials Purchases 96,400 Cash 32,000 3. Prepare a cost of goods manufactured schedule. (Assume all raw materials used were direct materials)
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