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Exercise 15-16 An analysis of the accounts of Roberts Company reveals the following manufacturing cost data for the month ended June 30, 2014. Inventories Beginning

Exercise 15-16 An analysis of the accounts of Roberts Company reveals the following manufacturing cost data for the month ended June 30, 2014.
Inventories Beginning Ending
Raw materials $9,690 $15,540
Work in process 5,200 8,250
Finished goods 9,670 6,170
Costs incurred: raw materials purchases $55,800, direct labor $51,610, manufacturing overhead $23,210. The specific overhead costs were: indirect labor $5,850, factory insurance $4,480, machinery depreciation $4,750, machinery repairs $2,300, factory utilities $3,880, miscellaneous factory costs $1,950. Assume that all raw materials used were direct materials.
Prepare the cost of goods manufactured schedule for the month ended June 30, 2014.
ROBERTS COMPANY Cost of Goods Manufactured Schedule For the Month Ended June 30, 2014
Cost of Goods ManufacturedDirect LaborDirect MaterialsDirect Materials UsedFactory InsuranceFactory UtilitiesIndirect LaborMachinery DepreciationMachinery RepairsManufacturing OverheadMiscellaneous Factory CostsRaw Materials Inventory, June 1Raw Materials Inventory, June 30Raw Materials PurchasesTotal Cost of Work in ProcessTotal Manufacturing CostsTotal Manufacturing OverheadTotal Raw Materials Available for UseWork in Process Inventory, June 1Work in Process Inventory, June 30 $
Cost of Goods ManufacturedDirect LaborDirect MaterialsDirect Materials UsedFactory InsuranceFactory UtilitiesIndirect LaborMachinery DepreciationMachinery RepairsManufacturing OverheadMiscellaneous Factory CostsRaw Materials Inventory, June 1Raw Materials Inventory, June 30Raw Materials PurchasesTotal Cost of Work in ProcessTotal Manufacturing CostsTotal Manufacturing OverheadTotal Raw Materials Available for UseWork in Process Inventory, June 1Work in Process Inventory, June 30
Cost of Goods ManufacturedDirect LaborDirect MaterialsDirect Materials UsedFactory InsuranceFactory UtilitiesIndirect LaborMachinery DepreciationMachinery RepairsManufacturing OverheadMiscellaneous Factory CostsRaw Materials Inventory, June 1Raw Materials Inventory, June 30Raw Materials PurchasesTotal Cost of Work in ProcessTotal Manufacturing CostsTotal Manufacturing OverheadTotal Raw Materials Available for UseWork in Process Inventory, June 1Work in Process Inventory, June 30 $
Cost of Goods ManufacturedDirect LaborDirect MaterialsDirect Materials UsedFactory InsuranceFactory UtilitiesIndirect LaborMachinery DepreciationMachinery RepairsManufacturing OverheadMiscellaneous Factory CostsRaw Materials Inventory, June 1Raw Materials Inventory, June 30Raw Materials PurchasesTotal Cost of Work in ProcessTotal Manufacturing CostsTotal Manufacturing OverheadTotal Raw Materials Available for UseWork in Process Inventory, June 1Work in Process Inventory, June 30
Cost of Goods ManufacturedDirect LaborDirect MaterialsDirect Materials UsedFactory InsuranceFactory UtilitiesIndirect LaborMachinery DepreciationMachinery RepairsManufacturing OverheadMiscellaneous Factory CostsRaw Materials Inventory, June 1Raw Materials Inventory, June 30Raw Materials PurchasesTotal Cost of Work in ProcessTotal Manufacturing CostsTotal Manufacturing OverheadTotal Raw Materials Available for UseWork in Process Inventory, June 1Work in Process Inventory, June 30
AddLess: Cost of Goods ManufacturedDirect LaborDirect MaterialsDirect Materials UsedFactory InsuranceFactory UtilitiesIndirect LaborMachinery DepreciationMachinery RepairsManufacturing OverheadMiscellaneous Factory CostsRaw Materials Inventory, June 1Raw Materials Inventory, June 30Raw Materials PurchasesTotal Cost of Work in ProcessTotal Manufacturing CostsTotal Manufacturing OverheadTotal Raw Materials Available for UseWork in Process Inventory, June 1Work in Process Inventory, June 30
Cost of Goods ManufacturedDirect LaborDirect MaterialsDirect Materials UsedFactory InsuranceFactory UtilitiesIndirect LaborMachinery DepreciationMachinery RepairsManufacturing OverheadMiscellaneous Factory CostsRaw Materials Inventory, June 1Raw Materials Inventory, June 30Raw Materials PurchasesTotal Cost of Work in ProcessTotal Manufacturing CostsTotal Manufacturing OverheadTotal Raw Materials Available for UseWork in Process Inventory, June 1Work in Process Inventory, June 30
Cost of Goods ManufacturedDirect LaborDirect MaterialsDirect Materials UsedFactory InsuranceFactory UtilitiesIndirect LaborMachinery DepreciationMachinery RepairsManufacturing OverheadMiscellaneous Factory CostsRaw Materials Inventory, June 1Raw Materials Inventory, June 30Raw Materials PurchasesTotal Cost of Work in ProcessTotal Manufacturing CostsTotal Manufacturing OverheadTotal Raw Materials Available for UseWork in Process Inventory, June 1Work in Process Inventory, June 30
Cost of Goods ManufacturedDirect LaborDirect MaterialsDirect Materials UsedFactory InsuranceFactory UtilitiesIndirect LaborMachinery DepreciationMachinery RepairsManufacturing OverheadMiscellaneous Factory CostsRaw Materials Inventory, June 1Raw Materials Inventory, June 30Raw Materials PurchasesTotal Cost of Work in ProcessTotal Manufacturing CostsTotal Manufacturing OverheadTotal Raw Materials Available for UseWork in Process Inventory, June 1Work in Process Inventory, June 30
Cost of Goods ManufacturedDirect LaborDirect MaterialsDirect Materials UsedFactory InsuranceFactory UtilitiesIndirect LaborMachinery DepreciationMachinery RepairsManufacturing OverheadMiscellaneous Factory CostsRaw Materials Inventory, June 1Raw Materials Inventory, June 30Raw Materials PurchasesTotal Cost of Work in ProcessTotal Manufacturing CostsTotal Manufacturing OverheadTotal Raw Materials Available for UseWork in Process Inventory, June 1Work in Process Inventory, June 30 $
Cost of Goods ManufacturedDirect LaborDirect MaterialsDirect Materials UsedFactory InsuranceFactory UtilitiesIndirect LaborMachinery DepreciationMachinery RepairsManufacturing OverheadMiscellaneous Factory CostsRaw Materials Inventory, June 1Raw Materials Inventory, June 30Raw Materials PurchasesTotal Cost of Work in ProcessTotal Manufacturing CostsTotal Manufacturing OverheadTotal Raw Materials Available for UseWork in Process Inventory, June 1Work in Process Inventory, June 30
Cost of Goods ManufacturedDirect LaborDirect MaterialsDirect Materials UsedFactory InsuranceFactory UtilitiesIndirect LaborMachinery DepreciationMachinery RepairsManufacturing OverheadMiscellaneous Factory CostsRaw Materials Inventory, June 1Raw Materials Inventory, June 30Raw Materials PurchasesTotal Cost of Work in ProcessTotal Manufacturing CostsTotal Manufacturing OverheadTotal Raw Materials Available for UseWork in Process Inventory, June 1Work in Process Inventory, June 30
Cost of Goods ManufacturedDirect LaborDirect MaterialsDirect Materials UsedFactory InsuranceFactory UtilitiesIndirect LaborMachinery DepreciationMachinery RepairsManufacturing OverheadMiscellaneous Factory CostsRaw Materials Inventory, June 1Raw Materials Inventory, June 30Raw Materials PurchasesTotal Cost of Work in ProcessTotal Manufacturing CostsTotal Manufacturing OverheadTotal Raw Materials Available for UseWork in Process Inventory, June 1Work in Process Inventory, June 30
Cost of Goods ManufacturedDirect LaborDirect MaterialsDirect Materials UsedFactory InsuranceFactory UtilitiesIndirect LaborMachinery DepreciationMachinery RepairsManufacturing OverheadMiscellaneous Factory CostsRaw Materials Inventory, June 1Raw Materials Inventory, June 30Raw Materials PurchasesTotal Cost of Work in ProcessTotal Manufacturing CostsTotal Manufacturing OverheadTotal Raw Materials Available for UseWork in Process Inventory, June 1Work in Process Inventory, June 30
Cost of Goods ManufacturedDirect LaborDirect MaterialsDirect Materials UsedFactory InsuranceFactory UtilitiesIndirect LaborMachinery DepreciationMachinery RepairsManufacturing OverheadMiscellaneous Factory CostsRaw Materials Inventory, June 1Raw Materials Inventory, June 30Raw Materials PurchasesTotal Cost of Work in ProcessTotal Manufacturing CostsTotal Manufacturing OverheadTotal Raw Materials Available for UseWork in Process Inventory, June 1Work in Process Inventory, June 30
Cost of Goods ManufacturedDirect LaborDirect MaterialsDirect Materials UsedFactory InsuranceFactory UtilitiesIndirect LaborMachinery DepreciationMachinery RepairsManufacturing OverheadMiscellaneous Factory CostsRaw Materials Inventory, June 1Raw Materials Inventory, June 30Raw Materials PurchasesTotal Cost of Work in ProcessTotal Manufacturing CostsTotal Manufacturing OverheadTotal Raw Materials Available for UseWork in Process Inventory, June 1Work in Process Inventory, June 30
Cost of Goods ManufacturedDirect LaborDirect MaterialsDirect Materials UsedFactory InsuranceFactory UtilitiesIndirect LaborMachinery DepreciationMachinery RepairsManufacturing OverheadMiscellaneous Factory CostsRaw Materials Inventory, June 1Raw Materials Inventory, June 30Raw Materials PurchasesTotal Cost of Work in ProcessTotal Manufacturing CostsTotal Manufacturing OverheadTotal Raw Materials Available for UseWork in Process Inventory, June 1Work in Process Inventory, June 30
Cost of Goods ManufacturedDirect LaborDirect MaterialsDirect Materials UsedFactory InsuranceFactory UtilitiesIndirect LaborMachinery DepreciationMachinery RepairsManufacturing OverheadMiscellaneous Factory CostsRaw Materials Inventory, June 1Raw Materials Inventory, June 30Raw Materials PurchasesTotal Cost of Work in ProcessTotal Manufacturing CostsTotal Manufacturing OverheadTotal Raw Materials Available for UseWork in Process Inventory, June 1Work in Process Inventory, June 30
AddLess: Cost of Goods ManufacturedDirect LaborDirect MaterialsDirect Materials UsedFactory InsuranceFactory UtilitiesIndirect LaborMachinery DepreciationMachinery RepairsManufacturing OverheadMiscellaneous Factory CostsRaw Materials Inventory, June 1Raw Materials Inventory, June 30Raw Materials PurchasesTotal Cost of Work in ProcessTotal Manufacturing CostsTotal Manufacturing OverheadTotal Raw Materials Available for UseWork in Process Inventory, June 1Work in Process Inventory, June 30
Cost of Goods ManufacturedDirect LaborDirect MaterialsDirect Materials UsedFactory InsuranceFactory UtilitiesIndirect LaborMachinery DepreciationMachinery RepairsManufacturing OverheadMiscellaneous Factory CostsRaw Materials Inventory, June 1Raw Materials Inventory, June 30Raw Materials PurchasesTotal Cost of Work in ProcessTotal Manufacturing CostsTotal Manufacturing OverheadTotal Raw Materials Available for UseWork in Process Inventory, June 1Work in Process Inventory, June 30 $
Show the presentation of the ending inventories on the June 30, 2014, balance sheet.(List current assets in order of liquidity.)
ROBERTSCOMPANY (Partial) Balance Sheet June 30, 2014
Current AssetsCurrent LiabilitiesExpensesIntangible AssetsLong-term InvestmentsLong-term LiabilitiesProperty, Plant and EquipmentRevenuesStockholders' EquityTotal AssetsTotal Current AssetsTotal Current LiabilitiesTotal ExpensesTotal Intangible AssetsTotal LiabilitiesTotal Liabilities and Stockholders' EquityTotal Long-term InvestmentsTotal Long-term LiabilitiesTotal Property, Plant and EquipmentTotal RevenuesTotal Stockholders' Equity
Accounts ReceivableCashFinished GoodsInventoriesPrepaid ExpensesRaw MaterialsWork in Process
Accounts ReceivableCashFinished GoodsInventoriesPrepaid ExpensesRaw MaterialsWork in Process $
Accounts ReceivableCashFinished GoodsInventoriesPrepaid ExpensesRaw MaterialsWork in Process
Accounts ReceivableCashFinished GoodsInventoriesPrepaid ExpensesRaw MaterialsWork in Process $

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