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An analysis of the accounts of roberts company reveals

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Exercise 1 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 $9,740 $15,840
Work in process 5,780 9,030
Finished goods 9,740 6,480

Costs incurred: raw materials purchases $58,000, direct labor $49,940, manufacturing overhead $23,490. The specific overhead costs were: indirect labor $6,770, factory insurance $4,160, machinery depreciation $4,390, machinery repairs $2,540, factory utilities $3,690, miscellaneous factory costs $1,940. Assume that all raw materials used were direct materials.

Prepare the cost of goods manufactured schedule for the month ended June 30, 2014.

Reference no: EM131788512

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