Question

An analysis of the accounts of Waterway Company reveals the following manufacturing cost data for the month ended September 30, 2020. Inventories Raw materials Work in process Finished goods Beginning Ending $11,100 $11,600 7,000 5,300 10,200 11,400 Costs incurred: raw materials purchases $67,400, direct labor $50,500, manufacturing overhead $27,000. 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. Part 1 Prepare the cost of goods manufactured schedule for the month ended September 30, 2020.
Initial can be seen in first photo

Answer 1

0 cost of goode manufactured schedule for the year ended septemben solo particulars amount Amount Direct raw materiale used Beginning raw materiale $1,100 Add: Raw materiale purchased $67,400 Total raw materiale $78,500 available less, Ending raw materiale $11,600) Total raw materials used $ 65.900 Direct labor $50,500 Manufacturing overhead Indirect labour $6,900 factory Insurance $5,500 factory utilities $3400 machinery depre. $5,700 ciation $2,800 Machin my repairs Miscellaneous factory $1,8 to coste $26, 170 Total manufacturing Golte overhead $1,43,5to $7000 Total Manufacturing Costs Add:- Beginning work in progres Inventory lessi closing work in progress Inventory Cost of goods manufaer ($ 5,300) $145,270

Direct Labor decreased by = $50,500 Hot 401 - $30, 300 Ondirect labor decreased by = $6,900 - Hot 401 = $4,140 factory Insurance = $8,400 Machinery depreciation a $5, foot $5,500 = $1,400 Machinery repairs $400 utilities of factory 2 $2,400 Miscellaneous factory = $1,980 costs

Amount $2. Watenw ay co. cost of goode manufacturing Schedule for septembea Roth Rodeo particulars Amount Direct raw materiale used Beginning raw materiale $11,00 Add: Raw matmiale purchased $67,400 Total raw materials available $76,500 lessi Ending rawnaterials ($11,600) total raw material wad $66.900 Direet Labor $ 30, 300 Manufacturing overhead Indirect labor $4,140 factory Ineurance $8,400 factory utilities $2,400 Machinery depreciation $11,400 Machinery repairs $4,00 Miscellaneous factory $1,980 costs total manufacturing $28,720 factory orechead Total Manufacturing costs $125,920 $ 7,000 Add: Beginning work in progrees inventory ($5,300) dess: closing work in progress poventory Cost of goods manufactured $1,27,620