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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 Beginning $13,800 Inventories Raw materials Work in process Finished goods Ending $13,100 6,800 13,800 9.300 11,800 Costs incurred: raw materials purchases $64,300, direct labor $52,800, manufacturing overhead $36,450. The specific overhead costs were: indirect labor $8,300, factory insurance $6,800, machinery depreciation $7,800, machinery repairs $4,600, factory utilities $5,400, miscellaneous factory costs $3,550. Assume that all raw materials used were direct materials.
(b) Show the presentation of the ending inventories on September 30, 2020, balance sheet. Sheridan Co. Balance Sheet Presentation (partial) $ Save for Later Attempts: 0 of 1 used Submit Answer