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I Just need the last question (C1) I Just need the last question (C1) *Challenge Exercise 1-2 a-b, c1 (Part Level Submission) An analysis of
I Just need the last question (C1)
I Just need the last question (C1)
*Challenge Exercise 1-2 a-b, c1 (Part Level Submission) An analysis of the accounts of Williams Company reveals the following manufacturing cost data for the month ended September 30, 2020. Inventories Raw materials Beginning $12,100 7,000 10,100 Ending $11,700 5,300 12,300 Work in process Finished goods Costs incurred: raw materials purchases $58,900, direct labor $49,900, manufacturing overhead $25,020. The specific overhead costs were: indirect labor $5,800, factory insurance $4,600, machinery depreciation $6,100, machinery repairs $2,900, factory utilities $3,900, miscellaneous factory costs $1,720. Assume that all raw materials used were direct materials. *(a) Your answer is correct. Prepare the cost of goods manufactured schedule for the month ended September 30, 2020. Williams Co. Cost of Goods Manufacturing Schedule For the Month Ended September 30, 2020 TWork in Process 9/1/20 $7000 Direct Materials TRaw Materials Inventory 9/1/20 $112100 TAdd Raw Materials Purchases 158900 TTotal Raw Materials Available for Use 171000) Less! Raw Materials Inventory 9/30/20 111700 Direct Materials Used $159300 TDirect Labor 149900 Manufacturing Overhead Tindirect Labor 15800 TFactory Insurance T4600 Machine Depreciation 16100) TMachine Repairs 12900 Factory Utilities 13900 Miscellaneous Factory Costs T1720 TTotal Overhead T25020 Total Manufacturing Costs T134220 Total Cost of Work in Process T141220 Less. Work in Process 9/30/20 15300 TCost of Goods Manufactured $ 135920 *(b) Your answer is correct. Show the presentation of the ending inventories on September 30, 2020, balance sheet. Williams Co. Balance Sheet Presentation (partial) September 30, 2020 [Inventories Finished Goods Inventory $12,300) Work in Process Inventory 15,300 Raw Materials Inventory 111,700 Total Inventories $129300 *(c1) 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 $8,300, machinery depreciation would double, machinery repairs would decrease to $400, utilities would decrease to $2,400 and miscellaneous factory costs would increase to $1,820. 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 $ $ $Step by Step Solution
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