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The following data were taken from the records of Kingbird Company for the fiscal year ended June 30, 2022.
Raw Materials Inventory 7/1/21 | | $51,100 | | Accounts Receivable | | $34,600 |
Raw Materials Inventory 6/30/22 | | 41,600 | | Factory Insurance | | 5,200 |
Finished Goods Inventory 7/1/21 | | 96,800 | | Factory Machinery Depreciation | | 16,800 |
Finished Goods Inventory 6/30/22 | | 27,800 | | Factory Utilities | | 29,700 |
Work in Process Inventory 7/1/21 | | 21,300 | | Office Utilities Expense | | 9,550 |
Work in Process Inventory 6/30/22 | | 27,900 | | Sales Revenue | | 563,900 |
Direct Labor | | 144,350 | | Sales Discounts | | 4,600 |
Indirect Labor | | 26,360 | | Factory Managers Salary | | 64,300 |
| | | | Factory Property Taxes | | 9,610 |
| | | | Factory Repairs | | 2,500 |
| | | | Raw Materials Purchases | | 97,200 |
| | | | Cash | | 37,900 |
(a)
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Prepare a cost of goods manufactured schedule. (Assume that all raw materials used were direct materials.)
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