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Exercise 1-16 (Video) An analysis of the accounts of Roberts Company reveals the following manufacturing cost data for the month ended line 30, 2020. Inventory
Exercise 1-16 (Video) An analysis of the accounts of Roberts Company reveals the following manufacturing cost data for the month ended line 30, 2020. Inventory Beginning Ending Raw materials $9,760 $16,300 Work in process 6,240 7,420 Finished goods 9,300 6,730 Costs incurred: raw materials purchases $55,480, direct labor $49,600, manufacturing overhead $22,610. The specific overhead costs were: indirect labor $6,460, factory insurance $4,400, machinery depreciation $4,190, machinery repairs $2,180, factory utilities $3,740, and miscellaneous factory costs $1,640. Assume that all raw materials used were direct materials. (a) Prepare the cost of goods manufactured schedule for the month ended June 30, 2020. W a) Prepare the cost of goods manufactured schedule for the month ended June 30, 2020. P1,010, Assume that all Ta ROBERTS COMPANY Cost of Goods Manufactured Schedule Chi Chetahendinanti s (b) Show the presentation of the ending inventories on the June 30, 2020, balance sheet. ROBERTS COMPANY (Partial) Balance Sheet Click if you would like to Show Work for this question: Open Show Work
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