Please do not give solution in image format thanku Current Attempt in ProgressThe following data were taken from the records of Waterway Company for the fiscal year ended June 30, 2020.Raw Materials Inventory 7/1/19Raw Materials Inventory 6/30/20Finished Goods Inventory 7/1/19Finished Goods Inventory 6/30/20Work in Process Inventory 7/1/19Work in Process Inventory 6/30/20Direct LaborIndirect LaborAccounts ReceivableG$51,10046,00098,20026,10026,80022,300147,75026,56027,100Factory InsuranceFactory Machinery DepreciationFactory UtilitiesOffice Utilities ExpenseSales RevenueSales DiscountsPlant Manager's SalaryFactory Property TaxesFactory RepairsRaw Materials PurchasesCash$4,70019,00029,1009,350564,0004,70065,6009,8101,60097,50035,600 nPrepare a cost of goods manufactured schedule. (Assume all raw materials used were direct materials)Work in Process Inventory July 1, 2019Direct MaterialsRaw Materiah Inventory July 1, 2019Raw Materials PurchasesTotal Raw Materials Available for UseDirect Materials UsedManufacturing OverheadDirect LaborFactory InsuranceFactory UtilitiesRaw Materials Inventory, June 30, 2020Indirect LaborFactory Machinery DepreciationFactory RepairsPlant Manager's SalaryFactory Property TaxesTotal Manufacturing OverheadTotal Manufacturing CostsTotal Cost of Work in Process InventoryWork in Process Inventory, June 30, 2020Cost of Goods ManufacturedWATERWAY COMPANYCost of Goods Manufactured Schedule5110014040046000147750(b)The parts of this question must be completed in order. This part will be available when you complete the part above.(c)The parts of this question must be completed in order. This part will be available when you complete the part above.28600

SCHEDULE OF COST OF GOODS MANUFACTUREDSchedule Of Cost Of Goods Manufactured are those Cost Which is…

Prepare a cost of goods manufactured schedule. (Assume all raw materials used were direct materials WATERWAY COMPANY Cost of Goods Manufactured Schedule Work in Process Inventory July 1, 2019 Direct Materials Raw Materiah Inventory, July 1, 2019 Raw Materials Purchases Total Raw Materials Available for Use Raw Materials Inventory June 30, 2020 Direct Materials Used 51100 97500 140400 46000 28600

Prepare a cost of goods manufactured schedule. (Assume all raw materials used were direct materials WATERWAY COMPANY Cost of Goods Manufactured Schedule Work in Process Inventory July 1, 2019 Direct Materials Raw Materiah Inventory, July 1, 2019 Raw Materials Purchases Total Raw Materials Available for Use Raw Materials Inventory June 30, 2020 Direct Materials Used 51100 97500 140400 46000 28600

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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