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 ofthe accounts of Williams Company reveals the following manufacturing cost data forthe month ended September 30, 2020. Inventories Raw materials Beginning $10,800 7,50010,600 Ending $11,600 4,800 13,200 Work in process Finished goods Costs incurred:

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

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!