P$1\mathrm{.}4($LO $3),$ AP The following data were taken from the records of Wagner Ltd$.$ for the fiscal year ended June $30,2023.$

Instructions

Prepare a cost of goods manufactured schedule, a partial income statement, and a partial balance sheet.

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

b$.$ Prepare an income statement through gross profit.

c$.$ Prepare the current assets section of the balance sheet on June $30,2023.$

a$.$ CGM

b$.$ Gross profit

c$.$ Current assets