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

Instructions
a. Prepare a cost of goods manufactured schedule. (Assume all raw materials used were direct materials.)
b. Prepare an income statement through gross profi t.
c. Prepare the current assets section of the balance sheet at June 30, 2020.

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$ 4,600 Raw Materials Factory Insurance Factory Machinery Depreciation Factory Utilities Office Utilities Expense $ 48,000 Inventory 7/1/19 Raw Materials 16,000 Inventory 6/30/20 39,600 27,600 8,650 Finished Goods Inventory 7/1/19 Finished Goods 96,000 Sales Revenue 534,000 Sales Discounts 4,200 Inventory 6/30/20 75,900 Plant Manager's Salary Factory Property Taxes Factory Repairs 58,000 Work in Process 9,600 Inventory 7/1/19 19,800 1,400 Work in Process Raw Materials Purchases 96,400 Inventory 6/30/20 32,000 18,600 139,250 Cash Direct Labor Indirect Labor 24,460 Accounts Receivable 27,000