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Exercise 19-16 An analysis Inventory Raw materials Work in process Finished goods of the accounts of Roberts Company reveals the following manufacturing cost data for
Exercise 19-16 An analysis Inventory Raw materials Work in process Finished goods of the accounts of Roberts Company reveals the following manufacturing cost data for the month ended June 30, 2017. $9,770 5,990 9,820 $18,140 8,830 6,580 Costs incurred: raw materials purchases $56,840, were: indirect labor $7,020, factory insurance $4,980, machinery $3,960, and miscellaneous factory costs $1,960. Assume that all raw materials used were direct materials. direct labor $50.990, manufacturing overhead $24,830. The specific overhead costs depreciation $4,900, machinery repairs $2,010, factory utilities (a) Prepare the cost of goods manufactured schedule for the month ended June 30, 2017. ROBERTS COMPANY Cost of Goods Manufactured Schedule (b) Show the presentation of the ending inventories on the June 30, 2017, balance sheet. ROBERTS COMPANY (Partial) Balance Sheet
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