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E1-16 Roberts Company

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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, factory insurance
$4,000, machinery depreciation $4,000, machinery repairs $1,800, factory utilities
$3,100, 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.

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