Answer Happy

Current Attempt in Progress An analysis of the accounts of Sheridan Company reveals the following manufacturing cost data for the month ended September 30, 2020 Beginning $13,800 Ending $13,100 Inventories Raw materials Work in process Finished goods 9.300 6,800 11.800 13,800 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
Sheridan Company is considering the purchase of a new automated assembly line for its factory. The purchase would result in several changes in Sheridan cost structure. Both direct labor and indirect labor would decrease by 40% Factory insurance would increase to $9,800, machinery depreciation would double, machinery repairs would decrease to $680, utilities would decrease to $4,300 and miscellaneous factory costs would increase to $3,650, Materials usage would remain at current levels. Analyze the new purchase by preparing a cost of goods manufactured schedule for September 30, 2020 using the new data, Sheridan Co. Cost of Goods Manufacturing Schedule $ $
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