Question 2

An analysis of the accounts of Williams Company reveals the following manufacturing cost data for the month ended September 30, 2020. Inventories Raw materials Work in process Finished goods Beginning $12,400 7,300 9,500 Ending $12,100 5,400 12,000 Costs incurred: raw materials purchases $67,500, direct labor $45,900, manufacturing overhead $27,160. The specific overhead costs were: indirect labor $7.100, factory insurance $5,100, machinery depreciation $6,300, machinery repairs $3,000, factory utilities $3,800, miscellaneous factory costs $1,860. Assume that all raw materials used were direct materials. Williams Co. Cost of Goods Manufacturing Schedule S 5 S Show the presentation of the ending inventories on September 30, 2020, balance sheet. Williams Co. Balance Sheet Presentation (partial) $ e Textbook and Media List of Accounts 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 $8.600, machinery depreciation would double, machinery repairs would decrease to 5600, utilities would decrease to $2,800 and miscellaneous factory costs would increase to $1,950. 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 > > > > > >