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Current Attempt in Progress The following data were taken from the records of Grouper Company...

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Accounting

Current Attempt in Progress

The following data were taken from the records of Grouper Company for the fiscal year ended June 30, 2022.

Raw Material Inventory 7/1/21

 $51,600

Factory Insurance

 $5,200

Raw Material Inventory 6/30/22

 45,500

Factory Machinery Depreciation

 17,900

Finished Goods Inventory 7/1/21

 99,100

Factory Utilities

 31,100

Finished Goods Inventory 6/30/22

 22,300

Office Utilities Expense

 9,450

Work in Process Inventory 7/1/21

 29,600

Sales Revenue

 557,100

Work in Process Inventory 6/30/22

 28,100

Sales Discounts

 5,000

Direct Labor

 145,750

Plant Managers Salary

 65,300

Indirect Labor

 26,660

Factory Property Taxes

 9,710

Accounts Receivable

 35,400

Factory Repairs

 2,200

Raw Material Purchases

 99,000

Cash

 39,400

Prepare an income statement through gross profit.

GROUPER COMPANY (Partial) Income Statement choose the accounting period For the Year Ended June 30, 2022June 30, 2022For the Month Ended June 30, 2022

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