Exercise 14-16 An analysis of the accounts of Roberts Company reveals the following manufacturi data for the month ended June 30, 2020 Inventory Beginning Ending Raw materials $9,500 $16,180 Work in process 5,670 8,560 Finished goods 9,700 6,800 Costs incurred; raw materials purchases $58,740, direct labor 550,330, manufacturing overhead $23,960. The specific overhead costs were indirect labor $6,740, factory insurance $4,430, machinery depreciation $4,720, machinery repairs $2,290, factory utilities $3,840, and miscellaneous factory costs $1,940. Assume that allow material used were direct materials (a) Prepare the cost of goods manufactured schedule for the month ended June 30, 2020 ROBERTS COMPANY Cost of Goods Manufactured Schedule For the Month Ended June 30, 2020 Direct Materials used 9500 Raw Materials Inventory, June 1 Finished Goods Inventory, June 30 58740 68240 -16180 JS Klimmel, Accounting, 70 Help System Announcements For the Month Ended June 30, 2020 Direct Materials Used V 9500 Raw Materials Inventory, June 1 V Finished Goods Inventory, June 30 58740 68240 -161 Raw Materials Inventory, June 30 Direct Labor > Manufacturing Overhead v Indirect labor > Factory Insurance s > Machinery Repairs > Factory Utili > Miso Factory Costs Metal Manufacturing overtid Total Marching CON LEM Wones Inventory Gosto de anuncio 5 MacBook Air (b) Show the presentation of the ending Inventories on the June 30, 2020, balance sheet. ROBERTS COMPANY (Partial) Balance Sheet For the Year Ended June 30, 2020 Raw Materials 16180 Work in Process 8560 6800 Finished Goods 31540 $ Modify Show Work Click if you would like to Show Work for this