do not give solution in image The following data were taken from the records of Clarkson Company for the fiscal year ended June 30, 2020.Raw Materials Inventory 7/1/19Raw Materials Inventory 6/30/20Finished Goods Inventory 7/1/19Finished Goods Inventory 6/30/20Work in Process Inventory 7/1/19Work in Process Inventory 6/30/20Direct LaborIndirect LaborAccounts Receivable$50,40049,70097,00025,50027,80022,200149,05026,86029,700Factory InsuranceFactory Machinery DepreciationFactory UtilitiesOffice Utilities ExpenseSales RevenueSales DiscountsPlant Manager's SalaryFactory Property TaxesFactory RepairsRaw Materials PurchasesCash$5,10018,50031,1008,650557,5004,50064,4009,6102,20099,30034,000 Sales RevenueLess : Sales DiscountsNet SalesCost of Goods SoldFinished Goods Inventory, July 1, 2019Cost of Goods ManufacturedCost of Goods Available for SaleLess V: Finished Goods Inventory, June 30, 2020Cost of Goods SoldCLARKSON COMPANY(Partial) Income StatementGross Profit$$$

Name: do not give solution in image The following data were taken from the r
Uploaded: 2024-03-20T06:32:37.000Z
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Description: do not give solution in image The following data were taken from the records of Clarkson Company for the fiscal year ended June 30, 2020.Raw Materials Inventory 7/1/19Raw Materials Inventory 6/30/20Finished Goods Inventory 7/1/19Finished Goods Invent