Prepare a cost of goods manufactured schedule and present the ending inventories on the balance sheet
An analysis of the accounts of Roberts Company reveals the following manufacturing cost data for the month ended
June 30, 2017.
	Inventories		Beginning		Ending
	Raw materials		$9,000		$13,100
	Work in process		5,000		7,000
	Finished goods		9,000		8,000
Costs incurred: raw materials purchases $54,000, direct labor $47,000, manufacturing overhead $19,900. The specific
overhead costs were: indirect labor $5,500, factory insurance, $4,000, machinery depreciation $4,000, machinery
repairs $1,800, factory utilities $3,100, miscellaneous factory costs $1,500. Assume that all raw materials used were
direct materials.
Instructions
(a)	Prepare the cost of goods manufactured schedule for the month ended June 30, 2017.
(b)	Show the presentation of the ending inventories on the June 30, 2017 balance sheet.
NOTE: Enter a number in cells requesting a value; enter either a number or a formula in cells with a "?" .