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.