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An analysis of the accounts of Sheridan Company reveals the following manufacturing cost data for the month ended September 30, 2020. Inventories Raw materials Work in process Finished goods (a) (b) Costs incurred; raw materials purchases $68,300, direct labor $49,800, manufacturing overhead $26,890. The specific overhead costs were: indirect labor $6,800, factory insurance $5,100, machinery depreciation $6,500, machinery repairs $2,900, factory utilities $3,900, miscellaneous factory costs $1,690. Assume that all raw materials used were direct materials. Your Answer Correct Answer Direct Materials Beginning Ending $11,600 $10,700 Your answer is partially correct. Prepare the cost of goods manufactured schedule for the month ended September 30, 2020. Cost of Goods Manufactured Add Raw Materials Inventory 9/1/20 Less Direct Labor 6,900 9,700 Direct Materials Used Indirect Labor Total Raw Materials Available for Use V Manufacturing Overhead Factory Insurance Machine Repairs Factory Utilities Raw Materials Purchases Machine Depreciation Add Raw Materials Inventory 9/30/20 Miscellaneous Factory Costs 5,100 Total Manufacturing Overhead 12,100 Cost of Goods Manufactured List of Accounts Cost of Goods Manufactured eTextbook and Medial Work in Process 9/30/20 > > > SHERIDAN Co. Cost of Goods Manufacturing Schedule For the Month Ended September 30, 2020 11600 Show the presentation of the ending inventories on September 30, 2020, balance sheet 68300 79900 10700 6800 5100 6500 2900 3900 1690 69200 49900 26890 Attempts: 5 of 5 used

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