Question: Challenge Exercise 1-2 a-b, cl (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, cl (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 Work in process Finished goods Beginning $11,400 7,000 Ending $10,300 5,000 10,300 10,900 Costs incurred: raw materials purchases $68,400, direct labor $47,800, manufacturing overhead $26,460. The specific overhead costs were: indirect labor $6,600, factory insurance $5,500, machinery depreciation $6,600, machinery repairs $2,600, factory utilities $3,500, miscellaneous factory costs $1,660. Assume that all raw materials used were direct materials. (a) Prepare the cost of goods manufactured schedule for the month ended September 30, 2020. Williams Co. Cost of Goods Manufacturing Schedule $
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
