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Double checking if I did the calculations right :S Question 3 An analysis of the accounts of Roberts Company reveals the following manufacturing cost data
Double checking if I did the calculations right :S
Question 3 An analysis of the accounts of Roberts Company reveals the following manufacturing cost data for the month ended June 30, 2017. Endin Inventory Be Raw materials 59,500 $15,300 Work in process 5,790 8,000 Finished goods 9,420 6,510 Costs incurred: raw materials purchases $57,600, direct labor $48,560, manufacturing overhead $24,370. The specific overhead costs were: indirect labor $7,310, factory insurance $5,000, machinery depreciation $4,330, machinery repairs $2,110, factory utilities $3,670, and miscellaneous factory costs $1,950. Assume that all raw materials used were direct materials (a) Prepare the cost of goods manufactured schedule for the month ended June 30, 2017. ROBERTS COMPANY Cost of Goods Ma nufactured Schedule For the Month Ended June 30, 2017 Work in process Inventory, June 1 5,790 Direct aterials Raw Materials Inventor June 1 9,500 Raw Materials purchases 57,600 ailable for Use V Total Rat w Mi aterials Ava 67100 Less Raw Materials Inventory. June 30 5,300 51800 Direct Materials Used Direct Labor 560 Manufacturing Overhead Indirect Labor 310 Factory Insurance 000 Machinery Depreciation Factory Utilities 3,670 Machinery Repairs 2,110 Miscellaneous Factory Costs 950Step by Step Solution
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