Work in Process Factory Property Taxes $ 9,600 Inventory 7/1/13 $ 19,800 Factory Repairs 1,400 Work in Process Raw Materials Purchases 96,400 Inventory 6/30/14 18,600 Cash 32,000 Direct Labor 139,250 Indirect Labor 24,460 Accounts Receivable 27,000 Instructions (a) Prepare a cost of goods manufactured schedule. (Assume all raw materials used were direct materials.) (b) Prepare an income statement through gross profit. (c) Prepare the current assets section of the balance sheet at June 30, 2014 Work in Process Factory Property Taxes $ 9,600 Inventory 7/1/13 $ 19,800 Factory Repairs 1,400 Work in Process Raw Materials Purchases 96,400 Inventory 6/30/14 18,600 Cash 32,000 Direct Labor 139,250 Indirect Labor 24,460 Accounts Receivable 27,000 Instructions (a) Prepare a cost of goods manufactured schedule. (Assume all raw materials used were direct materials.) (b) Prepare an income statement through gross profit. (c) Prepare the current assets section of the balance sheet at June 30, 2014