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Statement of Cost of Goods Manufactured for a Manufacturing Company Cost data for Disksan Manufacturing Company...

Statement of Cost of Goods Manufactured for a Manufacturing Company

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

Inventories January 1 January 31
Materials $217,500 $195,750
Work in process 143,550 129,200
Finished goods 110,930 133,110
Direct labor $391,500
Materials purchased during January 417,600
Factory overhead incurred during January:
Indirect labor 41,760
Machinery depreciation 25,230
Heat, light, and power 8,700
Supplies 6,960
Property taxes 6,090
Miscellaneous costs 11,310

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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ekkarill92 answered 3 years ago
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