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Question: the following data were taken from the records of clarkson...

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The following data were taken from the records of Clarkson Company for the fiscal year ended June 30, 2017 Raw Materials Inventory 7/1/16 Raw Materials Inventory 6/30/17 Finished Goods Inventory 7/1/16 Finished Goods Inventory 6/30/17 Work in Process Inventory 7/1/16 Work in Process Inventory 6/30/17 Direct Labor Indirect Labor Accounts Receivable $51,500 47,900 98,100 27,700 25,200 21,000 145,850 25,260 35,200 Factory Insurance Factory Machinery Depreciation Factory Utilities Office Utilities Expense Sales Revenue Sales Discounts Plant Managers Salary Factory Property Taxes Factory Repairs Raw Materials Purchases Cash $5,400 17,200 29,000 9,050 561,600 4,900 61,200 9,710 1,700 98,500 37,200 Prepare a cost of goods manufactured schedule. (Assume all raw materials used were direct materials.) CLARKSON COMPANY Cost of Goods

Prepare an income statement through gross profit. CLARKSON COMPANY (Partial) Income Statement

Prepare the current assets section of the balance sheet at June 30, 2017. (List Current Assets in order of liquidity.) CLARKSON COMPANY (Partial) Balance Sheet

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