politics of the united states financeThe following data were taken from the records of Clarkson Company for the fiscal year ended June 30, 2017.
| Data | | | |
|-----------------------------------|:--------:|---------------------------------|:-------:|
| Raw Materials Inventory 7/1/16 | \$48,000 | Factory Insurance | \$4,600 |
| Raw Materials Inventory 6/30/17 | 39,600 | Factory Machinery Depreciation | 16,000 |
| Finished Goods Inventory 7/1/16 | 96,000 | Factory Utilities | 27,600 |
| Finished Goods Inventory 6/30/17 | 75,900 | Office Utilities Expense | 8,650 |
| Work in process Inventory 7/1/16 | 19,800 | Sales Revenue | 534,000 |
| Work in Process Inventory 6/30/17 | 18,600 | Sales Discount | 4,200 |
| Direct Labor | 139,250 | Plant Manager's 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 |
***Instructions***
(b) Prepare an income statement through gross profit. politics of the united states 12th Edition•ISBN: 9780134163451Barry Render, Chuck Munson, Jay Heizer1,698 solutions
10th Edition•ISBN: 9780134700724Elliot Aronson, Robin M. Akert, Samuel R. Sommers, Timothy D. Wilson525 solutions
12th Edition•ISBN: 9780134165325Barry Render, Chuck Munson, Jay Heizer1,698 solutions
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