Following are the adjusting and closing entries that appear on the books of Shark Tool Company at the end of the fiscal year, May 31.

Required
Prepare a statement of cost of goods manufactured for theyear.

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Post. Dabit Date 20- May 31 Manufacturing Summary Description Adjusting Entries Credit 62 0 50 00 Raw Matoriais Inventory 62 05 0 00 31 Raw Materials Inventory 67 094 00 Manufacturing Surnmary 67 09 4 00 31 Manufacturing Summary 44 6 5 4 00 Work-in-Process Inventory 44 6 5 4 00 31 Work-in-Process Inventory 63 8 5 2 00 Manufacturing Summary 63 8 5 2 00 Closing Entries 31 Purchases Discounts 2 3 0 4 00 Manufacturing Summary 2 3 0 4 00 31 Manufacturing Summary 572 7 1 8 00 Raw Materials Purchases Direct Labor Indirect Labor Supervision Depreciaion of Machinery Depreciation of Factory Building Heat Light, and Power Repairs and Maintenance Property Tax, Machinery Property Tax, Factory Building Factory Supplies Used Factory Insurance Expired Miscellaneous Factory Costs 142 02 0 00 293 3 6 4 00 29 2 4 4 00 41 6 88 00 30 0 0 0 00 12 0 0 0 00 8 5 2 0 00 7 674 00 13 20 00 4 12 2 00 1 0 8 0 00 576 00 31 Income Summary 546 1 7 2 00 Manufacturing Summary 546 1 7 2 00