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An analysis of the accounts of Concord Company reveals the following manufacturing cost data for the month ended September 30 , 2020. Costs incurred: raw
An analysis of the accounts of Concord Company reveals the following manufacturing cost data for the month ended September 30 , 2020. Costs incurred: raw materials purchases $64,200, direct labor $52,700, manufacturing overhead $35,850. The specific overhead costs were: indirect labor $8,200, factory insurance $6,700, machinery depreciation $7,700, machinery repairs $4,500, factory utilities $5,300, miscellaneous factory costs $3,450. Assume that all raw materials used were direct materials. Concord Co. Cost of Goods Manufacturing Schedule Cost of Goods Manufactured Direct Labor Direct Materials Direct Materials Used Factory Insurance Factory Utilities Indirect Labor Machine Depreciation Machine Repairs Manufacturing Overhead Miscellaneous Factory Costs Raw Materials Inventory 9/1/20 Raw Materials Inventory 9/30/20 Raw Materials Purchases Total Cost of Work in Process Total Manufacturing Costs Total Manufacturing Overhead Total Raw Materials Available for Use Work in Process 9/1/20 Work in Process 9/30/20 Concord Co. Cost of Goods Manufacturing Schedule For the Month Ended September 30, 2020 For the Year Ended September 30, 2020 September 30, 2020 $ $ $
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