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

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Accounting

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The following data were taken from the records of Sheridan Company for the fiscal year ended June 30, 2020. Raw Materials Inventory 7/1/19 $54,600 Factory Insurance $ 4.700 Raw Materials Inventory 6/30/20 44,200 Factory Machinery Depreciation 17.700 96,800 Factory Utilities 31,600 Finished Goods Inventory 7/1/19 Finished Goods Inventory 6/30/20 26,300 Office Utilities Expense 8,550 24,600 Sales Revenue 562,900 Work in Process Inventory 7/1/19 Work in Process Inventory 6/30/20 29,600 Sales Discounts 4,600 Direct Labor 147,050 Plant Manager's Salary 65,400 Indirect Labor 25,660 Factory Property Taxes 9,610 Accounts Receivable 35.300 Factory Repairs 2.500 Raw Materials Purchases 98,100 Cash 36,300 Prepare a cost of goods manufactured schedule. (Assume all raw materials used were direct materials.) SHERIDAN COMPANY Cost of Goods Manufactured Schedule $ $ 1 > v Less : > > > C > hed Goods Inventory, June 30, 2020 ufactured Prepare an income statement through gross proht SHERIDAN COMPANY (Partial) Income Statement $ >

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