An analysis of the accounts of Sunland Company reveals the following manufacturing cost data for the month ended September 30. 2020 Inventories Raw materials Work in process Finished goods Beginning Ending $11.900 $12.200 6,800 4,900 10,100 12,900 Costs incurred: raw materials purchases $57,400, direct labor $48,300, manufacturing overhead $25,800. The specific overhead costs were indirect labor $6,200, factory insurance $5,200, machinery depreciation $5.900, machinery repairs $2.900, factory utilities $3,800, miscellaneous factory costs $1,800. Assume that all raw materials used were direct materials.
An analysis of the accounts of Sunland Company reveals the following manufacturing cost data for the month ended September 30. 2020 Inventories Raw materials Work in process Finished goods Beginning Ending $11.900 $12.200 6,800 4,900 10,100 12,900 Costs incurred: raw materials purchases $57,400, direct labor $48,300, manufacturing overhead $25,800. The specific overhead costs were indirect labor $6,200, factory insurance $5,200, machinery depreciation $5.900, machinery repairs $2.900, factory utilities $3,800, miscellaneous factory costs $1,800. Assume that all raw materials used were direct materials.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Karan
Subject: acounting
Transcribed Image Text:An analysis of the accounts of Sunland Company reveals the following manufacturing cost data for the month ended September 30,
2020
Inventories
Raw materials
Work in process
Finished goods
Beginning Ending
$11.900 $12,200
6,800 4,900
10,100 12.900
Costs incurred: raw materials purchases $57,400, direct labor $48,300, manufacturing overhead $25,800. The specific overhead costs
were indirect labor $6,200, factory insurance $5,200, machinery depreciation $5.900, machinery repairs $2,900, factory utilities
$3,800, miscellaneous factory costs $1.800. Assume that all raw materials used were direct materials.
(a)
Prepare the cost of goods manufactured schedule for the month ended September 30, 2020
SUNLAND Co.
Cost of Goods Manufacturing Schedule
for the Month Ended September 30.2020 4
Transcribed Image Text:Show the presentation of the ending inventories on September 30, 2020, balance sheet.
SUNLANDCO.
Balance Sheet Presentation (partial)
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