The following data were taken from the records of Stellar - 10417

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P19-4A


 

The following data were taken from the records of Stellar Manufacturing Company for the fiscal year ended June 30, 2012.

 

Raw Materials Inventory 7/1/11

$ 48,000

 

Factory Machinery Depreciation

$ 16,000

Raw Materials Inventory 6/30/12

39,600

 

Factory Utilities

27,600

Finished Goods Inventory 7/1/11

96,000

 

Office Utilities Expense

8,650

Finished Goods Inventory 6/30/12

95,900

 

Sales

554,000

Work in Process Inventory 7/1/11

19,800

 

Sales Discounts

4,200

Work in Process Inventory 6/30/12

18,600

 

Plant Manager's Salary

29,000

Direct Labor

149,250

 

Factory Property Taxes

9,600

Indirect Labor

24,460

 

Factory Repairs

1,400

Accounts Receivable

 27,000

 

Raw Materials Purchases

96,400

Factory Insurance

4,600

 

Cash

32,000

 

 

 

 


Your answer is correct.

 

 

     

 

Complete the cost of goods manufactured schedule. (Assume all raw materials used were direct materials.) (List amounts from largest to smallest e.g. 10, 5, 3, 2.)

 

 

 

 

Complete the current assets section of the balance sheet at June 30, 2012. (List current assets in order of liquidity.)

 

 

 

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