(Answered) Problem - the following data were taken from the records of

Accounting

Problem - The following data were taken from the records of Stellar Manufacturing Company for the fiscal year ended June 30, 2010.

Raw Materials Inventory 7/1/09 $ 48,325 Factory Machinery Depreciation $ 16,300

Raw Materials Inventory 6/30/10 39,828 Factory Utilities 27,962

Finished Goods Inventory 7/1/09 95,694 Office Utilities Expense 8,195

Finished Goods Inventory 6/30/10 98,529 Sales 552,660

Work in Process Inventory 7/1/09 20,240 Sales Discounts 3,857

Work in Process Inventory 6/30/10 18,690 Plant Manager's Salary 29,302

Direct Labor 149,110 Factory Property Taxes 9,367

Indirect Labor 24,045 Factory Repairs 1,416

Accounts Receivable 26,642 Raw Materials Purchases 96,406

Factory Insurance 4,721 Cash 32,390

Complete the cost of goods manufactured schedule.

Complete an income statement through gross profit.

Complete the current assets section of the balance sheet at June 30, 2010.

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