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An analysis of the accounts of Waterway Company reveals the following manufacturing cost data for the month ended September 30 , 2020. Costs incurred: raw materials purchases $67,400, direct labor $50,500, manufacturing overhead $26,170. The specific overhead costs were: indirect labor $6,900, factory insurance $5,500, machinery depreciation $5,700, machinery repairs $2.800, factory utilities $3,400, miscellaneous factory costs $1.870. Assume that all raw materials used were direct materials. uestion 4 of 5 Question 4 of 5 Factory Insurance Machine Depreciation Factory Utilities \begin{tabular}{|r|} \hline 3400 \\ \hline \end{tabular} Machine Repairs Miscellaneous Factory Costs Total Overhead Total Manulacturing Overhead Total Cost of Work in Process Less v: Work in Process 9/30/20 Cost of Goods Marufactured eTexthook and Media estion 4 of 5 WATERWAYCo. Balance Sheet Presentation (partial) September 30,2020 Inventories Finished Goods Inventory Work in Process Inventory Raw Materials loventory Total inventories eTextbook and Media Assistance Used eTextbook List of Accounts Attempts: 1 of 5 used Waterway Company is considering the purchase of a new automated assembly line for its factory. The purchase would result in several changes in Waterway' cost structure. Both direct labor and indirect labor would decrease by 40%. Factory insurance would increase to $8,400, machinery depreciation would double, machinery repairs would decrease to $400, utilities would decrease to $2,400 and miscellaneous factory costs would increase to $1,980. 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. 2.67/4 Factory Utilities Miscellaneous Factory Costs Total Manufacturing Overhead Total Overhead Total Cost of Work in Process Less v: Workin Process 9/30/20 Cost of Goods Manufactured cTextbook and Media List of Accounts