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In: Accounting

Cost data for Disksan Manufacturing Company for the month ended January 31 are as follows: Inventories...

Cost data for Disksan Manufacturing Company for the month ended January 31 are as follows:

Inventories January 1 January 31
Materials $184,500 $158,670
Work in process 121,770 104,720
Finished goods 94,100 106,310
Direct labor $332,100
Materials purchased during January 354,240
Factory overhead incurred during January:
Indirect labor 35,420
Machinery depreciation 21,400
Heat, light, and power 7,380
Supplies 5,900
Property taxes 5,170
Miscellaneous costs 9,590

a. Prepare a cost of goods manufactured statement for January.

Disksan Manufacturing Company
Statement of Cost of Goods Manufactured
For the Month Ended January 31
$
Direct materials:
$
$
$
Factory overhead:
$
Total factory overhead
Total manufacturing costs incurred during January
Total manufacturing costs $
Cost of goods manufactured $

b. Determine the cost of goods sold for January.
$

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Expert Solution

ekkarill92 answered 3 years ago
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