Question

Exercise 15-16 An analysis of the accounts of Roberts Company reveals the following manufacturing cost data...

Exercise 15-16

An analysis of the accounts of Roberts Company reveals the following manufacturing cost data for the month ended June 30, 2017.

Inventory

Beginning

Ending

Raw materials $9,460 $14,020
Work in process 6,380 8,070
Finished goods 9,350 6,960


Costs incurred: raw materials purchases $56,410, direct labor $50,600, manufacturing overhead $23,980. The specific overhead costs were: indirect labor $6,520, factory insurance $4,810, machinery depreciation $4,590, machinery repairs $2,330, factory utilities $3,910, and miscellaneous factory costs $1,820. Assume that all raw materials used were direct materials.

(a) Prepare the cost of goods manufactured schedule for the month ended June 30, 2017.

Homework Answers

Answer #1

Prepare cost of goods manufactured schedule

Direct material used
Beginning raw material 9460
Raw material purchase 56410
Raw material available for use 65870
Less: Ending raw material -14020 51850
Direct labor 50600
Manufacturing overhead 23980
Total manufacturing cost 126430
Beginning work in process 6380
Total Cost of work in process 132810
Less: Ending work in process -8070
Cost of goods manufactured 124740
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Inventory Beginning Ending Raw materials $9,110 $14,750 Work in process 6,800 8,470 Finished goods 9,350 6,700...
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...
The following cost data relate to the manufacturing activities of Chang Company during the just completed...
The following cost data relate to the manufacturing activities of Chang Company during the just completed year:            Manufacturing overhead costs incurred:        Indirect materials $ 16,800        Indirect labor 148,000        Property taxes, factory 9,800        Utilities, factory 88,000        Depreciation, factory 295,300        Insurance, factory 11,800           Total actual manufacturing overhead costs incurred $ 569,700       Other costs incurred:        Purchases of raw materials (both direct and indirect) $ 418,000        Direct labor cost $ 78,000   Inventories:        Raw materials, beginning $ 21,800        Raw materials, ending...
The following cost data relate to the manufacturing activities of Chang Company during the just completed...
The following cost data relate to the manufacturing activities of Chang Company during the just completed year:     Manufacturing overhead costs incurred: Indirect materials $ 16,800 Indirect labor 148,000 Property taxes, factory 9,800 Utilities, factory 88,000 Depreciation, factory 295,300 Insurance, factory 11,800 Total actual manufacturing overhead costs incurred $ 569,700 Other costs incurred: Purchases of raw materials (both direct and indirect) $ 418,000 Direct labor cost $ 78,000 Inventories: Raw materials, beginning $ 21,800 Raw materials, ending $ 31,800 Work...
The following cost data relate to the manufacturing activities of Black Company during the just completed...
The following cost data relate to the manufacturing activities of Black Company during the just completed year: Manufacturing overhead costs incurred: Property taxes, factory $ 3,000 Utilities, factory 4,900 Indirect labor 9,900 Depreciation, factory 24,000 Insurance, factory 6,000 Total actual manufacturing overhead costs $ 47,800 Other costs incurred: Purchases of raw materials $ 31,900 Direct labor cost $ 41,000 Inventories: Raw materials, beginning $ 8,300 Raw materials, ending $ 6,300 Work in process, beginning $ 5,300 Work in process, ending...
The following cost data relate to the manufacturing activities of Chang Company during the just completed...
The following cost data relate to the manufacturing activities of Chang Company during the just completed year:     Manufacturing overhead costs incurred: Indirect materials $ 15,400 Indirect labor 134,000 Property taxes, factory 8,400 Utilities, factory 74,000 Depreciation, factory 191,200 Insurance, factory 10,400 Total actual manufacturing overhead costs incurred $ 433,400 Other costs incurred: Purchases of raw materials (both direct and indirect) $ 404,000 Direct labor cost $ 64,000 Inventories: Raw materials, beginning $ 20,400 Raw materials, ending $ 30,400 Work...
The following cost data relate to the manufacturing activities of Chang Company during the just completed...
The following cost data relate to the manufacturing activities of Chang Company during the just completed year:     Manufacturing overhead costs incurred: Indirect materials $ 16,500 Indirect labor 145,000 Property taxes, factory 9,500 Utilities, factory 85,000 Depreciation, factory 231,700 Insurance, factory 11,500 Total actual manufacturing overhead costs incurred $ 499,200 Other costs incurred: Purchases of raw materials (both direct and indirect) $ 415,000 Direct labor cost $ 75,000 Inventories: Raw materials, beginning $ 21,500 Raw materials, ending $ 31,500 Work...
The following cost data relate to the manufacturing activities of Chang Company during the just completed...
The following cost data relate to the manufacturing activities of Chang Company during the just completed year:     Manufacturing overhead costs incurred: Indirect materials $ 16,400 Indirect labor 144,000 Property taxes, factory 9,400 Utilities, factory 84,000 Depreciation, factory 210,900 Insurance, factory 11,400 Total actual manufacturing overhead costs incurred $ 476,100 Other costs incurred: Purchases of raw materials (both direct and indirect) $ 414,000 Direct labor cost $ 74,000 Inventories: Raw materials, beginning $ 21,400 Raw materials, ending $ 31,400 Work...
The following cost data relate to the manufacturing activities of Chang Company during the just completed...
The following cost data relate to the manufacturing activities of Chang Company during the just completed year: Manufacturing overhead costs incurred: Indirect materials $ 16,000 Indirect labor 140,000 Property taxes, factory 9,000 Utilities, factory 80,000 Depreciation, factory 251,500 Insurance, factory 11,000 Total actual manufacturing overhead costs incurred $ 507,500 Other costs incurred: Purchases of raw materials (both direct and indirect) $ 410,000 Direct labor cost $ 70,000 Inventories: Raw materials, beginning $ 21,000 Raw materials, ending $ 31,000 Work in...
The following cost data relate to the manufacturing activities of Black Company during the just-completed year:...
The following cost data relate to the manufacturing activities of Black Company during the just-completed year:   Manufacturing overhead costs:      Property taxes, factory $ 4,400      Utilities, factory 7,100      Indirect labour 12,800      Depreciation, factory 27,500      Insurance, factory 8,800      Total actual manufacturing overhead costs $ 60,600   Other costs incurred:      Purchases of raw materials. $ 39,000      Direct labour cost $ 49,800   Inventories:      Raw materials, beginning $ 10,800      Raw materials, ending $ 8,400      Work in process, beginning $ 8,100      Work in process, ending $ 10,300...
The following cost data relate to the manufacturing activities of Black Company during the just completed...
The following cost data relate to the manufacturing activities of Black Company during the just completed year: Manufacturing overhead costs incurred: Property taxes, factory $ 2,900 Utilities, factory 5,000 Indirect labor 10,000 Depreciation, factory 23,900 Insurance, factory 5,900 Total actual manufacturing overhead costs $ 47,700 Other costs incurred: Purchases of raw materials $ 32,400 Direct labor cost $ 39,400 Inventories: Raw materials, beginning $ 8,700 Raw materials, ending $ 6,500 Work in process, beginning $ 5,700 Work in process, ending...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT