Question

The following data were taken from the records of Bramble Company for the fiscal year ended...

The following data were taken from the records of Bramble Company for the fiscal year ended June 30, 2020.

Raw Materials Inventory 7/1/19

 $48,900

Factory Insurance

 $5,100

Raw Materials Inventory 6/30/20

 46,900

Factory Machinery Depreciation

 18,000

Finished Goods Inventory 7/1/19

 97,700

Factory Utilities

 30,000

Finished Goods Inventory 6/30/20

 21,600

Office Utilities Expense

 9,350

Work in Process Inventory 7/1/19

 25,200

Sales Revenue

 558,900

Work in Process Inventory 6/30/20

 23,700

Sales Discounts

 5,000

Direct Labor

 142,050

Plant Manager’s Salary

 65,200

Indirect Labor

 25,360

Factory Property Taxes

 9,710

Accounts Receivable

 35,500

Factory Repairs

 2,200

Raw Materials Purchases

 96,700

Cash

 40,700

Prepare a cost of goods manufactured schedule. (Assume all raw materials used were direct materials.)

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