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

Transcribed Image Text:

The following data were taken from the records of Larkspur Company for the fiscal year ended June 30, 2022 Raw Materials Inventory 7/1/21 $50,200 Accounts Receivable. $27,200 Raw Materials Inventory 6/30/22 Finished Goods Inventory 7/1/211 Finished Goods Inventory 6/30/22 42,000 Factory Insurance 5.700 92100 Factory Machinery Depreciation 17,100 24,700 Factory Utilities 28,800 Work in Process Inventory 7/1/21 22,000 Office Utilities Expense 8.850 Work in Process Inventory 6/30/22 27.900 Sales Revenue 560,300 Direct Labor 139,350 Sales Discounts. 5,000 Indirect Labor 24.760 Factory Manager's Salary 64,900 Factory Property Taxes 9.610 Factory Repairs 2.200 Raw Materials Purchases 97,000 Cash 37,300 SUPE The following data were taken from the records of Larkspur Company for the fiscal year ended June 30, 2022 Raw Materials Inventory 7/1/21 $50,200 Accounts Receivable. $27,200 Raw Materials Inventory 6/30/22 Finished Goods Inventory 7/1/211 Finished Goods Inventory 6/30/22 42,000 Factory Insurance 5.700 92100 Factory Machinery Depreciation 17,100 24,700 Factory Utilities 28,800 Work in Process Inventory 7/1/21 22,000 Office Utilities Expense 8.850 Work in Process Inventory 6/30/22 27.900 Sales Revenue 560,300 Direct Labor 139,350 Sales Discounts. 5,000 Indirect Labor 24.760 Factory Manager's Salary 64,900 Factory Property Taxes 9.610 Factory Repairs 2.200 Raw Materials Purchases 97,000 Cash 37,300 SUPE