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An analysis of the accounts of Crane Company reveals the following manufacturing cost data for the month ended September 30, 2020. Inventories Beginning Ending Raw
An analysis of the accounts of Crane Company reveals the following manufacturing cost data for the month ended September 30, 2020. Inventories Beginning Ending Raw materials $12,500 $12,000 Work in process 7,700 5,100 Finished goods 9,800 11,800 Costs incurred: raw materials purchases $64,900, direct labor $55,000, manufacturing overhead $25,260. The specific overhead costs were: indirect labor $6,600, factory insurance $4,800, machinery depreciation $5,400, machinery repairs $2,800, factory utilities $4,000, miscellaneous factory costs $1,660. Assume that all raw materials used were direct materials.(a) Prepare the cost of goods manufactured schedule for the month ended September 30, 2020. CRANE Co. Cost of Goods Manufacturing Schedule V V:I V V V: [ V to
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