The following data were taken from the records of Clarkson Company for the fiscal year ended June 30, 2020

Instructions

Prepare a cost of goods manufactured schedule (Assume all raw materials used were direct materials.)
Prepare an income statement through gross profit.
Prepare the current assets section of the balance sheet at June 30, 2021

Solution

Clarkson Company
Cost of goods manufactured schedule
For the Year Ended June 30, 2021

Clarkson Company
Income Statement (Partial)
For the Year Ended June 30, 2021

Clarkson Company
Balance Sheet (Partial)
June 30, 2021

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Instructions

Solution

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