Exercise 10-16 An analysis of the accounts of Blue Company reveals the following manufacturing cost data for the month ended June 30, 2017 Inventory Raw materials Work in process Finished goods Beginning Ending $9,630 5,810 9,820 $15,590 7,430 6,450 Costs incurred: raw materials purchases $54,490, direct labor $50,940, manufacturing overhead $22,940. The specific overhead costs were: indirect labor $5,860, factory insurance $4,260, machinery depreciation $4,220, machinery repairs $2,630, factory utilities $3,990, and miscellaneous factory costs $1,980. Assume that all raw materials used were direct materials. Prepare the cost of goods manufactured schedule for the month ended June 30, 2017. BLUE COMPANY Cost of Goods Manufactured Schedule