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

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Accounting

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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Your answer is partially correct.

Prepare a cost of goods manufactured schedule. (Assume that all raw materials used were direct materials.)

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