Business, 03.09.2019 17:20, sophiaaafaline

The following data were taken from the records of clarkson company for the fiscal year ended june 30,2014.raw materialsinventory 7/1/13 $48,000factory insurance $4,600raw materialsinventory 6/30/2014 $39,600factory machinerydepreciation $16,000finished goodsinventory 7/1/13 $96,000factory utilities $27,600finished goodsinventory 6/30/14 $75,900office utilities expense $8,650work in progressinventory 7/1/13 $19,800sales revenue $534,000work in progressinventory 6/30/14 $18,600sales discounts $4,200direct labor $139,250 plant managers salary $58,000indirect labor $24,460 factory property taxes $9,600accounts receivable $27,000 factory repairs $1,400raw materials purchases $96,400cash $32,000a) prepare a cost of goods manufactured schedule (assume all raw materials used were direct materials).b) prepare an income statement through gross profitc)prepare the current assets section of the balance sheet at june 30, 2014

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The following data were taken from the records of clarkson company for the fiscal year ended june 30...