An analysis of the accounts of roberts company reveals the following

An analysis of the accounts of roberts company reveals the following.

E1-16 An analysis of the accounts of Roberts Company reveals the following manufacturing cost data for the month ended June 30, 2014.

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

Machinery repairs

1,800

Factory insurance

4,000

Factory utilities

3,100

Machinery depreciation

4,000

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, 2014.
(b) Show the presentation of the ending inventories on the June 30, 2014, balance sheet.

An analysis of the accounts of roberts company reveals the following

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