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An analysis of the accounts of Shamrock Company reveals the following manufacturing cost data for the month ended June 30, 2025. Inventory Raw materials Work in process Finished goods Ending $8,200 $11,980 (b) Beginning 4,500 8,200 6,350 Costs incurred: raw materials purchases $48,700, direct labor $42,100, manufacturing overhead $18,320. The specific overhead costs were: indirect labor $4,900, factory insurance $3,700, machinery depreciation $3,700, machinery repairs $1,690, factory utilities $2,980, and miscellaneous factory costs $1,350. (Assume that all raw materials used were direct materials.) Your answer is incorrect. 7,400 of the onding inventories on the June 30, 2025. balance sheet.

An analysis of the accounts of Shamrock Company reveals the following manufacturing cost data for the month ended June 30, 2025. Inventory Raw materials Work in process Finished goods Ending $8,200 $11,980 (b) Beginning 4,500 8,200 6,350 Costs incurred: raw materials purchases $48,700, direct labor $42,100, manufacturing overhead $18,320. The specific overhead costs were: indirect labor $4,900, factory insurance $3,700, machinery depreciation $3,700, machinery repairs $1,690, factory utilities $2,980, and miscellaneous factory costs $1,350. (Assume that all raw materials used were direct materials.) Your answer is incorrect. 7,400 of the onding inventories on the June 30, 2025. balance sheet.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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An analysis of the accounts of Shamrock Company reveals the following manufacturing cost data for the month ended June 30, 2025. Inventory Raw materials Work in process Finished goods (a) Beginning Ending $8,200 $11,980 (b) 4,500 8,200 Costs incurred: raw materials purchases $48,700, direct labor $42,100, manufacturing overhead $18,320. The specific overhead costs were: indirect labor $4,900, factory insurance $3,700, machinery depreciation $3,700, machinery repairs $1,690, factory utilities $2,980, and miscellaneous factory costs $1,350. (Assume that all raw materials used were direct materials.) 6,350 Your answer is incorrect. 7,400 Show the presentation of the ending inventories on the June 30, 2025, balance sheet.
Transcribed Image Text:An analysis of the accounts of Shamrock Company reveals the following manufacturing cost data for the month ended June 30, 2025. Inventory Raw materials Work in process Finished goods (a) Beginning Ending $8,200 $11,980 (b) 4,500 8,200 Costs incurred: raw materials purchases $48,700, direct labor $42,100, manufacturing overhead $18,320. The specific overhead costs were: indirect labor $4,900, factory insurance $3,700, machinery depreciation $3,700, machinery repairs $1,690, factory utilities $2,980, and miscellaneous factory costs $1,350. (Assume that all raw materials used were direct materials.) 6,350 Your answer is incorrect. 7,400 Show the presentation of the ending inventories on the June 30, 2025, balance sheet.
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