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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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