An analysis of the accounts of Teal Mountain Company reveals the following manufacturing cost data for...

 

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An analysis of the accounts of Teal Mountain Company reveals the following manufacturing cost data for the month ended June 30, 2025. Inventory Beginning Ending Raw materials $9,000 $13,180 Work in process 4,900 6,950 Finished goods 9,000 8,200 Costs incurred: raw materials purchases $53,100, direct labor $45,700, manufacturing overhead $20,240. The specific overhead costs were: indirect labor $5,300, factory insurance $4,100, machinery depreciation $4,100, machinery repairs $1,890, factory utilities $3,380, and miscellaneous factory costs $1,470. (Assume that all raw materials used were direct materials.) (a) Prepare the cost of goods manufactured schedule for the month ended June 30, 2025. An analysis of the accounts of Teal Mountain Company reveals the following manufacturing cost data for the month ended June 30, 2025. Inventory Beginning Ending Raw materials $9,000 $13,180 Work in process 4,900 6,950 Finished goods 9,000 8,200 Costs incurred: raw materials purchases $53,100, direct labor $45,700, manufacturing overhead $20,240. The specific overhead costs were: indirect labor $5,300, factory insurance $4,100, machinery depreciation $4,100, machinery repairs $1,890, factory utilities $3,380, and miscellaneous factory costs $1,470. (Assume that all raw materials used were direct materials.) (a) Prepare the cost of goods manufactured schedule for the month ended June 30, 2025.