Inventories Raw materials Work in process Finished goods Beginning $11,400 7,000 10,300 Ending $10,300 5,000 10,900 Costs incurred: raw materials purchases $68,400, direct labor $47,800, manufacturing overhead $26,460. The specific overhead costs were: indirect labor $6,600, factory insurance $5,500, machinery depreciation $6,600, machinery repairs $2,600, factory utilities $3,500, miscellaneous factory costs $1,660. 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 Work in Process 9/1/20 $17000) Direct Materials $(11400 Raw Materials Inventory 9/1/20 Add. Raw Materials Purchases 168400 179800 [Total Raw Materials Available for Use (Less). Raw Materials Inventory 9/30/20 110300 Direct Materials Used $169500 ! 147800 Direct Labor Manufacturing Overhead Indirect Labor 16600 Factory Insurance 155001 Machine Depreciation T6600 Factory Utilities [3500 Machine Repairs 12600 Miscellaneous Factory Costs 11660 TTotal Overhead 0 126460 T143760 Total Manufacturing Costs TTotal Cost of Work in Process T150760 (Less) Work in Process 9/30/20 15000 Cost of Goods Manufactured ST145760 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 $7,700, machinery depreciation would double, machinery repairs would decrease to $500, utilities would decrease to $2,200 and miscellaneous factory costs would increase to $1,770. 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 7000 $ Direct Materials Raw Materials Inventory 9/1/20 11400 $ Add Raw Materials Purchases 68400 Total Raw Materials Available for Use v 79800 Less Raw Materials Inventory 9/30/20 10300 Direct Materials Used 69500 $ Direct Materials Used 69500 Direct Labor Manufacturing Overhead Indirect Labor Factory Insurance Machine Depreciation Factory Utilities Machine Repairs 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 $