Question

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.
$

Answer 1

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

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