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goods manufactured schedule and balance sheet and goods manufactured sheet for new numbers An analysis of the accounts of Williams Company reveals the following manufacturing
goods manufactured schedule and balance sheet and goods manufactured sheet for new numbers An analysis of the accounts of Williams Company reveals the following manufacturing cost data for the month ended September 30, 2020. Beginning Ending $11.400 $11,000 Inventories Raw materials Work in process Finished goods 8,200 5,400 11,000 13,200 Costs incurred: raw materials purchases $59,500, direct labor $50,600, manufacturing overhead $25,140. The specific overhead costs were: indirect labor $6,000, factory insurance $5,400, machinery depreciation $5,700, machinery repairs $3,000, factory utilities $3,400, miscellaneous factory costs $1,640. Assume that all raw materials used were direct materials. WWW COME For the Month Ended September 30, 2020 Work in Process 9/1/20 Direct Materials Used Raw Materials Inventory 9/1/20 $ Add Raw Materials Purchases Total Raw Materials Available for Use Less Raw Materials Inventory 9/30/20 Direct Materials Used $ Direct Labor Manufacturing Overhead Indirect Labor Factory Insurance Machine Depreciation Machine Repairs Factory Utilities Miscellaneous Factory Costs Total Overhead Total Manufacturing Costs Total Cost of Work in Process Less Work in Process 9/30/20 Cost of Goods Manufactured Balance Sheet Presentation (partial) For the Month Ended September 30, 2020 $ $ eTextbook and Media List of Accounts Assistance Used Accounts Receivable Administrative Expenses Cash Direct Labor Factory Depreciation Factory Insurance Factory Manager's Salary Factory Property Taxes Factory Repairs Factory Utilities Finished Goods Inventory Income Summary Income Tax Expense Indirect Labor Manufacturing Summary Williams Company is considering the purchase of a new automated assembly line for its factory. The purchase would result in several changes in Williams' cost structure. Both direct labor and indirect labor would decrease by 40%. Factory insurance would increase to $7.800, machinery depreciation would double, machinery repairs would decrease to $600, utilities would decrease to $2,600 and miscellaneous factory costs would increase to $1,750. Materials usage would remain at current levels. Analyze the new purchase by preparing a cost of goods manufactured schedule for September 30, 2020 using the new data. Williams Co. Cost of Goods Manufacturing Schedule For the Month Ended September 30, 2020 Work in Process 9/1/20 Direct Materials Raw Materials Inventory 9/1/20 $ Add Raw Materials Purchases Total Raw Materials Available for Use Less Raw Materials Inventory 9/30/20 Direct Materials Used $ $ Direct Labor Manufacturing Overhead
goods manufactured schedule and balance sheet and goods manufactured sheet for new numbers
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