Prepare an income statement through gross profit and

Question

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

Instructions

(a) Prepare a cost of goods manufactured schedule. (Assume all raw materials used were direct materials.)

(b) Prepare an income statement through gross profit.

(c) Prepare the current assets section of the balance sheet at June 30, 2012.