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An analysis of the accounts of Kananaskis Manufacturing reveals the following manufacturing cost data for the month ended June 30, 2020: Inventories Beginning Ending Raw
An analysis of the accounts of Kananaskis Manufacturing reveals the following manufacturing cost data for the month ended June 30, 2020: Inventories Beginning Ending Raw materials $ 10,250 $ 12,300 Work in process 5,750 12,750 Finished goods 10,250 6,750 Costs incurred: Raw materials purchases $ 64,950, direct labour $ 57,650, manufacturing overhead $ 23,750. The specific overhead costs were as follows: indirect labour $ 7,300, factory insurance $ 4,200, machinery depreciation $ 5,750, machinery repairs $ 1,950, factory utilities $ 3,100, miscellaneous factory costs $ 1,450. Assume that all raw materials used were direct materials. Prepare the cost of goods manufactured schedule for the month ended June 30, 2020. KANANASKIS MANUFACTURING Cost of Goods Manufactured Schedule For the Month Ended June 30, 2020 $ $ Finished Goods Inventory, June 30 > Question Part Score --/4 Show the presentation of the ending inventories on the June 30, 2020, balance sheet. (List Current Assets in order of liquidity.) KANANASKIS MANUFACTURING (Partial) Balance Sheet $
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