Question: Challenge Exercise 1-2 a-b, c1 (Part Level Submission) An analysis of the accounts of Williams Company reveals the following manufacturing cost data for the month




Challenge Exercise 1-2 a-b, c1 (Part Level Submission) An analysis of the accounts of Williams Company reveals the following manufacturing cost data for the month ended September 30, 2020. Inventories Raw materials Beginning $10,800 7,500 10,600 Ending $11,600 4,800 13,200 Work in process Finished goods Costs incurred: raw materials purchases $56,700, direct labor $50,300, manufacturing overhead $24,900. The specific overhead costs were: indirect labor $6,100, factory insurance $5,000, machinery depreciation $6,200, machinery repairs $2,500, factory utilities $3,500, miscellaneous factory costs $1,600. Assume that all raw materials used were direct materials. Prepare the cost of goods manufactured schedule for the month ended September 30, 2020. Williams Co. Cost of Goods Manufacturing Schedule For the Month Ended September 30, 2020 V Work in Process 9/1/20 $ Direct Materials Raw Materials Inventory 9/1/20 $ Add Raw Materials Purchases Total Raw Materials Available for Use Less Raw Materials Inventory 9/30/20 Direct Materials Used $ Direct Labor Manufacturing Overhead
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