Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

An analysis of the accounts of Sheridan Company reveals the following manufacturing cost data for the month ended September 30, 2020. Inventories Raw materials Work

An analysis of the accounts of Sheridan Company reveals the following manufacturing cost data for the month ended September 30, 2020. Inventories Raw materials Work in process Finished goods Beginning Ending $11,600 $10,700 6,900 9,700 5,100 12,100 Costs incurred: raw materials purchases $68,300, direct labor $49,800, manufacturing overhead $26,890. The specific overhead costs were: indirect labor $6,800, factory insurance $5,100, machinery depreciation $6,500, machinery repairs $2,900, factory utilities $3,900, miscellaneous factory costs $1,690. Assume that all raw materials used were direct materials.
prepare the cost of goods manufactured schedule for the month ended September 30, 2020
image text in transcribed
An analysis of the accounts of Sheridan Company reveals the following manufacturing cost data for the month ended September 30 , 2020. Costs incurred: raw materials purchases $68,300, direct labor $49,800, manufacturing overhead $26,890. The specific overhead costs were: indirect labor $6,800, factory insurance $5,100, machinery depreciation $6,500, machinery repairs $2,900, factory utilities $3,900, miscellaneous factory costs $1,690. Assume that all raw materials used were direct materials

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Internal Auditing A Guide For The New Auditor

Authors: David Galloway

3rd Edition

0894136917, 9780894136917

More Books

Students also viewed these Accounting questions

Question

3 > O Actual direct-labour hours Standard direct-labour hours...

Answered: 1 week ago