Question

Inventory		Beginning		Ending
Raw materials		$9,110		$14,750
Work in process		6,800		8,470
Finished goods		9,350		6,700

Costs incurred: raw materials purchases $55,260, direct labor $48,920, manufacturing overhead $23,050. The specific overhead costs were: indirect labor $6,340, factory insurance $4,510, machinery depreciation $4,900, machinery repairs $1,930, factory utilities $3,610, and miscellaneous factory costs $1,760. Assume that all raw materials used were direct materials.

(a) Prepare the cost of goods manufactured schedule for the month ended June 30, 2020.

ROBERTS COMPANY Cost of Goods Manufactured Schedule                                                           For the Month Ended June 30, 2020June 30, 2020For the Year Ended June 30, 2020
Cost of Goods ManufacturedDirect LaborDirect MaterialsDirect Materials UsedFactory InsuranceFactory UtilitiesIndirect LaborMachinery DepreciationMachinery RepairsManufacturing OverheadMiscellaneous Factory CostsRaw Materials Inventory, June 1Raw Materials Inventory, June 30Raw Materials PurchasesTotal Cost of Work in ProcessTotal Manufacturing CostsTotal Manufacturing OverheadTotal Raw Materials Available for UseWork in Process Inventory, June 1Work in Process Inventory, June 30Finished Goods Inventory, June 1Finished Goods Inventory, June 30						$
		$
AddLess:                                                           Cost of Goods ManufacturedDirect LaborDirect MaterialsDirect Materials UsedFactory InsuranceFactory UtilitiesIndirect LaborMachinery DepreciationMachinery RepairsManufacturing OverheadMiscellaneous Factory CostsRaw Materials Inventory, June 1Raw Materials Inventory, June 30Raw Materials PurchasesTotal Cost of Work in ProcessTotal Manufacturing CostsTotal Manufacturing OverheadTotal Raw Materials Available for UseWork in Process Inventory, June 1Work in Process Inventory, June 30Finished Goods Inventory, June 1Finished Goods Inventory, June 30
				$
		$
AddLess:                                                           Cost of Goods ManufacturedDirect LaborDirect MaterialsDirect Materials UsedFactory InsuranceFactory UtilitiesIndirect LaborMachinery DepreciationMachinery RepairsManufacturing OverheadMiscellaneous Factory CostsRaw Materials Inventory, June 1Raw Materials Inventory, June 30Raw Materials PurchasesTotal Cost of Work in ProcessTotal Manufacturing CostsTotal Manufacturing OverheadTotal Raw Materials Available for UseWork in Process Inventory, June 1Work in Process Inventory, June 30Finished Goods Inventory, June 1Finished Goods Inventory, June 30
						$

Answer 1