Question
An analysis of the accounts of Roberts Company reveals the following manufacturing cost data for the month ended June 30, 2020. Inventory Beginning Ending Raw
An analysis of the accounts of Roberts Company reveals the following manufacturing cost data for the month ended June 30, 2020.
Inventory | Beginning | Ending | ||
Raw materials | $9,880 | $15,510 | ||
Work in process | 5,790 | 9,050 | ||
Finished goods | 9,760 | 6,530 |
Costs incurred: raw materials purchases $57,720, direct labor $51,130, manufacturing overhead $23,970. The specific overhead costs were: indirect labor $7,090, factory insurance $4,160, machinery depreciation $4,900, machinery repairs $2,450, factory utilities $3,570, and miscellaneous factory costs $1,800. Assume that all raw materials used were direct materials. (a) Prepare the cost of goods manufactured schedule for the month ended June 30, 2020.
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