E19.16 Homework Question An analysis of the accounts of Roberts Company reveals the following manufacturing cost data for the month ended June 30, 2022, Inventorie Raw materials Beginning 9,000 Work in process Finished goods 5,000 9,000 Ending 13,100 7,000 8,000 Costs incurred: raw materials purchases $54,000, direct labor $47,000, manufacturing overhead $19,900. The specific overhead costs were: indirect labor $5,500, factory insurance $4,000, machinery depreciation $4,000, machinery repairs $1,800, factory utilities $3,100, and miscellaneous factory costs $1,500. (Assume that all raw materials used were direct materials.) Instructions Homewor Assume that the inventory balances changed as follows: beginning raw materials $12,000, ending work in process $6,750 and ending finished goods $10,000. Show the impact of these changes on the cost of goods manufactured schedule and balance sheet. a ROBERTS COMPANY Cost of Goods Manufactured Schedule For the Month Ended June 30, 2022 Work in process inventory, June I Direct materials Raw materials inventory, June 1 Raw materials purchases Total raw materials available for use Less: Raw materials inventory, June 30 Direct materials used Direct labor Manufacturing overhead Indirect labor Factory insurance Machinery depreciation Factory utilities Machinery repairs Miscellaneous factory costs Total manufacturing overhead Total manufacturing costs Total cost of work in process Less: Work in process, June 30 Cost of goods manufactured Current assets Inventories Finished goods Work in process Raw materials ROBERTS COMPANY (Partial) Balance Sheet June 30, 2022