The following data were taken from the records of Blumbey Manufacturing Company for the fiscal year ended June 30, 2012.

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, 2012.

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$ 4,600 Raw Materials Factory Insurance Factory Machinery Depreciation Factory Utilities Office Utilities Expense $ 48,000 Inventory 7/1/11 Raw Materials 16,000 Inventory 6/30/12 Finished Goods Inventory 7/1/11 Finished Goods 39,600 27,600 8,650 96,000 Sales Sales Discounts 554,000 4,200 Inventory 6/30/12 95,900 Plant Manager's Salary Factory Property Taxes Factory Repairs Raw Materials Purchases 29,000 Work in Process 9,600 1,400 Inventory 7/1/11 Work in Process Inventory 6/30/12 Direct Labor 19,800 96,400 18,600 Cash 32,000 149,250 Indirect Labor 24,460 27,000 Accounts Receivable