The following data were taken from the records of Clarkson Company for the fiscal year ended June…

The following data were taken from the records of Clarkson Company for the fiscal year ended June 30,2014. Raw Materials

Inventory 7/1/13 $48,000 Factory Insurance $4,600 Raw Materials

Inventory 6/30/2014 $39,600 Factory Machinery

Depreciation $16,000 Finished Goods

Inventory 7/1/13 $96,000 Factory Utilities $27,600 Finished Goods

Inventory 6/30/14 $75,900 Office Utilities Expense $8,650 Work in Progress

Inventory 7/1/13 $19,800 Sales Revenue $534,000 Work In Progress

Inventory 6/30/14 $18,600 Sales Discounts $4,200 Direct Labor $139,250 Plant Managers Salary $58,000 Indirect Labor $24,460 Factory Property Taxes $9,600 Accounts Receivable $27,000 Factory Repairs $1,400   Raw Materials Purchases $96,400   Cash $32,000    

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

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