Challenge Exercise 14-02 a-b, c1 An analysis of the accounts of Swifty Company reveals the following manufacturing cost data for the month ended September 30, 2020. Inventories Raw materials Work in process Finished goods Beginning $12,800 7,700 10,100 Ending $11,200 5,300 12,600 Costs incurred: raw materials purchases $58,400, direct labor $54,700, manufacturing overhead $24,800. The specific overhead costs were: indirect labor $6,400, factory insurance $4,900, machinery depreciation $6,100, machinery repairs $2,900, factory utilities $4,000, miscellaneous factory costs $1,700. Assume that all raw materials used were direct materials. Prepare the cost of goods manufactured schedule for the month ended September 30, 2020. Prepare the cost of goods manufactured schedule for the month ended September 30, 2020. SWIFTY Co. Cost of Goods Manufacturing Schedule $ $ $ $ Show the presentation of the ending inventories on September 30, 2020, balance sheet. SWIFTYCo. Balance Sheet Presentation (partial) $ Swifty Company is considering the purchase of a new automated assembly line for its factory. The purchase would result in several changes in Swifty' cost structure. Both direct labor and indirect labor would decrease by 40%. Factory insurance would increase to $8,100, machinery depreciation would double, machinery repairs would decrease to $400, utilities would decrease to $2,200 and miscellaneous factory costs would increase to $1,800. Materials usage would remain at current levels. Analyze the new purchase by preparing a cost of goods manufactured schedule for September 30, 2020 using the new data. Analyze the new purchase by preparing a cost of goods manufactured schedule for September 30, 2020 using the new data. SWIFTY Co. Cost of Goods Manufacturing Schedule $ $ >