The following data were taken from the records of Skysong Company for the fiscal year ended June 30, 2022. Raw Materials Inventory 7/1/21 Raw Materials Inventory 6/30/22 Finished Goods Inventory 7/1/21 Finished Goods Inventory 6/30/22 Work in Process Inventory 7/1/21 Work in Process Inventory 6/30/22 Direct Labor Indirect Labor $51,600 45,500 99,100 22,300 29,600 28,100 145,750 26,660 Accounts Receivable Factory Insurance Factory Machinery Depreciation Factory Utilities Office Utilities Expense Sales Revenue Sales Discounts Factory Manager's Salary Factory Property Taxes Factory Repairs Raw Materials Purchases Cash $35,400 5,200 17,900 31,100 9,450 557,100 5,000 65,300 9,710 2,200 99,000 39,400
The following data were taken from the records of Skysong Company for the fiscal year ended June 30, 2022. Raw Materials Inventory 7/1/21 Raw Materials Inventory 6/30/22 Finished Goods Inventory 7/1/21 Finished Goods Inventory 6/30/22 Work in Process Inventory 7/1/21 Work in Process Inventory 6/30/22 Direct Labor Indirect Labor $51,600 45,500 99,100 22,300 29,600 28,100 145,750 26,660 Accounts Receivable Factory Insurance Factory Machinery Depreciation Factory Utilities Office Utilities Expense Sales Revenue Sales Discounts Factory Manager's Salary Factory Property Taxes Factory Repairs Raw Materials Purchases Cash $35,400 5,200 17,900 31,100 9,450 557,100 5,000 65,300 9,710 2,200 99,000 39,400
Chapter1: Financial Statements And Business Decisions
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![The following data were taken from the records of Skysong Company for the fiscal year ended June 30, 2022.
Raw Materials Inventory 7/1/21
Raw Materials Inventory 6/30/22
Finished Goods Inventory 7/1/21
Finished Goods Inventory 6/30/22
Work in Process Inventory 7/1/21
Work in Process Inventory 6/30/22
Direct Labor
Indirect Labor
$51,600
45,500
99,100
22,300
29,600
28,100
145,750
26,660
Accounts Receivable
Factory Insurance
Factory Machinery Depreciation
Factory Utilities
Office Utilities Expense
Sales Revenue
Sales Discounts
Factory Manager's Salary
Factory Property Taxes
Factory Repairs
Raw Materials Purchases
Cash
$35,400
5,200
17,900
31,100
9,450
557,100
5,000
65,300
9,710
2,200
99,000
39,400](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F716b7632-0e76-4721-a5a8-635ce06d7b4b%2F0d826b45-b165-41e4-8ed3-cbec6845ce92%2Fmsnrdqb_processed.png&w=3840&q=75)
Transcribed Image Text:The following data were taken from the records of Skysong Company for the fiscal year ended June 30, 2022.
Raw Materials Inventory 7/1/21
Raw Materials Inventory 6/30/22
Finished Goods Inventory 7/1/21
Finished Goods Inventory 6/30/22
Work in Process Inventory 7/1/21
Work in Process Inventory 6/30/22
Direct Labor
Indirect Labor
$51,600
45,500
99,100
22,300
29,600
28,100
145,750
26,660
Accounts Receivable
Factory Insurance
Factory Machinery Depreciation
Factory Utilities
Office Utilities Expense
Sales Revenue
Sales Discounts
Factory Manager's Salary
Factory Property Taxes
Factory Repairs
Raw Materials Purchases
Cash
$35,400
5,200
17,900
31,100
9,450
557,100
5,000
65,300
9,710
2,200
99,000
39,400
![Sales Revenue
Sales Discounts
Cost of Goods Manufactured:
Finished Goods Inventory, July 1, 2021
Less: Finished Goods Inventory, June 30, 2022
Cost of Goods Manufactured
SKYSONG COMPANY
Cost of Goods Manufactured Schedule
For the Year Ended June 30, 2022
557,100
5,000
A](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F716b7632-0e76-4721-a5a8-635ce06d7b4b%2F0d826b45-b165-41e4-8ed3-cbec6845ce92%2F8nsfvci_processed.png&w=3840&q=75)
Transcribed Image Text:Sales Revenue
Sales Discounts
Cost of Goods Manufactured:
Finished Goods Inventory, July 1, 2021
Less: Finished Goods Inventory, June 30, 2022
Cost of Goods Manufactured
SKYSONG COMPANY
Cost of Goods Manufactured Schedule
For the Year Ended June 30, 2022
557,100
5,000
A
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