An analysis of the accounts of roberts company reveals the following

E1-16 An analysis of the accounts of Roberts Company reveals the following manufacturing cost data for the month ended June 30, 2014.

Inventories

Beginning

Ending

Raw materials

$9,000

$13,100

Work in process

5,000

7,000

Finished goods

9,000

8,000

Costs incurred:

Raw materials purchases

$54,000

Direct labor

47,000

Manufacturing overhead

19,900

The specific overhead costs were:

Indirect labor

$5,500

Machinery repairs

1,800

Factory insurance

4,000

Factory utilities

3,100

Machinery depreciation

4,000

Miscellaneous factory costs

1,500

Assume that all raw materials used were direct materials.

Instructions:

(a) Prepare the cost of goods manufactured schedule for the month ended June 30, 2014.
(b) Show the presentation of the ending inventories on the June 30, 2014, balance sheet.