Please provide answer in text (Without image) An analysis of the accounts of Roberts Company reveals the following manufacturing cost data for the month ended June 30, 2020.InventoryRaw materialsWork in processFinished goodsBeginningEnding$9,880 $15,5105,7909,7609,0506,530Costs incurred raw materials purchases $57.720, direct labor $51.130, manufacturing overhead $23,970. The specific overhead costswere: indirect labor $7,090, factory insurance $4,160, machinery depreciation $4,900, machinery repairs $2,450, factory utilities$3,570, and miscellaneous factory costs $1.800. Assume that all raw materials used were direct materials.ROBERTS COMPANYCost of Goods Manufactured Schedule(b) Show the presentation of the ending inventories on the June 30, 2020, balance sheet.ROBERTS COMPANY(Partial) Balance Sheet

Cost of goods manufactured means the cost incurred on the manufacturing of finished goods.Formula…

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ROBERTS COMPANY Cost of Goods Manufactured Schedule (b) Show the presentation of the ending inventories on the June 30, 2020, balance sheet. ROBERTS COMPANY (Partial) Balance Sheet

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

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Please provide answer in text (Without image)

An analysis of the accounts of Roberts Company reveals the following manufacturing cost data for the month ended June 30, 2020.
Inventory
Raw materials
Work in process
Finished goods
Beginning
Ending
$9,880 $15,510
5,790
9,760
9,050
6,530
Costs incurred raw materials purchases $57.720, direct labor $51.130, manufacturing overhead $23,970. The specific overhead costs
were: indirect labor $7,090, factory insurance $4,160, machinery depreciation $4,900, machinery repairs $2,450, factory utilities
$3,570, and miscellaneous factory costs $1.800. Assume that all raw materials used were direct materials.
ROBERTS COMPANY
Cost of Goods Manufactured Schedule
(b) Show the presentation of the ending inventories on the June 30, 2020, balance sheet.
ROBERTS COMPANY
(Partial) Balance Sheet

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