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The following data were taken from the records of Skysong Company for the fiscal year ended June 30, 2025. Raw Materials Inventory 7/1/24 $51,600 Accounts Receivable $35,400 Raw Materials Inventory 6/30/25 45,500 Factory Insurance 5,200 Finished Goods Inventory 7/1/24 Finished Goods Inventory 6/30/25 99,100 Factory Machinery Depreciation 17,900 22,300 Factory Utilities 31,100 Work in Process Inventory 7/1/24 29,600 Office Utilities Expense 9.450 Work in Process Inventory 6/30/25 28,100 Sales Revenue 557,100 Direct Labor 145,750 Sales Discounts 5,000 Indirect Labor 26,660 Factory Manager's Salary 65,300 Factory Property Taxes 9.710 Factory Repairs 2,200 Raw Materials Purchases 99,000 Cash 39.400

The following data were taken from the records of Skysong Company for the fiscal year ended June 30, 2025. Raw Materials Inventory 7/1/24 $51,600 Accounts Receivable $35,400 Raw Materials Inventory 6/30/25 45,500 Factory Insurance 5,200 Finished Goods Inventory 7/1/24 Finished Goods Inventory 6/30/25 99,100 Factory Machinery Depreciation 17,900 22,300 Factory Utilities 31,100 Work in Process Inventory 7/1/24 29,600 Office Utilities Expense 9.450 Work in Process Inventory 6/30/25 28,100 Sales Revenue 557,100 Direct Labor 145,750 Sales Discounts 5,000 Indirect Labor 26,660 Factory Manager's Salary 65,300 Factory Property Taxes 9.710 Factory Repairs 2,200 Raw Materials Purchases 99,000 Cash 39.400

Principles of Cost Accounting
Principles of Cost Accounting
17th Edition
ISBN:9781305087408
Author:Edward J. Vanderbeck, Maria R. Mitchell
Publisher:Edward J. Vanderbeck, Maria R. Mitchell
Chapter1: Introduction To Cost Accounting
Section: Chapter Questions
Problem 9E: The following inventory data relate to Edwards, Inc.: Calculate the following for the year: a....
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The following data were taken from the records of Skysong Company for the fiscal year ended June 30, 2025. Raw Materials Inventory 7/1/24 $51,600 Accounts Receivable $35,400 Raw Materials Inventory 6/30/25 45,500 Factory Insurance 5,200 Finished Goods Inventory 7/1/24 Finished Goods Inventory 6/30/25 99,100 Factory Machinery Depreciation 17,900 22,300 Factory Utilities 31,100 Work in Process Inventory 7/1/24 29,600 Office Utilities Expense 9.450 Work in Process Inventory 6/30/25 28,100 Sales Revenue 557,100 Direct Labor 145,750 Sales Discounts 5,000 Indirect Labor 26,660 Factory Manager's Salary 65,300 Factory Property Taxes 9.710 Factory Repairs 2,200 Raw Materials Purchases 99,000 Cash 39.400
Transcribed Image Text:The following data were taken from the records of Skysong Company for the fiscal year ended June 30, 2025. Raw Materials Inventory 7/1/24 $51,600 Accounts Receivable $35,400 Raw Materials Inventory 6/30/25 45,500 Factory Insurance 5,200 Finished Goods Inventory 7/1/24 Finished Goods Inventory 6/30/25 99,100 Factory Machinery Depreciation 17,900 22,300 Factory Utilities 31,100 Work in Process Inventory 7/1/24 29,600 Office Utilities Expense 9.450 Work in Process Inventory 6/30/25 28,100 Sales Revenue 557,100 Direct Labor 145,750 Sales Discounts 5,000 Indirect Labor 26,660 Factory Manager's Salary 65,300 Factory Property Taxes 9.710 Factory Repairs 2,200 Raw Materials Purchases 99,000 Cash 39.400
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