Question

In: Accounting

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 $167,750 $147,620
Work in process 115,750 101,860
Finished goods 87,230 100,380
Direct labor $301,950
Materials purchased during January 322,080
Factory overhead incurred during January:
Indirect labor 32,210
Machinery depreciation 19,460
Heat, light, and power 6,710
Supplies 5,370
Property taxes 4,700
Miscellaneous costs 8,720

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.
$

Solutions

Expert Solution

The last claculation of COGS is provided for your better understanding.

Hope you understood the solution. If you have any doubt please leave your doubt in the comment section so that I can clarify your doubt.

Thank you.


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