In: Accounting
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.
$