Ch. 18 Q:7

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 Materials Work in process Finished goods January 1 January 31 $235,000 $199,750 131,840 133,830 155,100 119,850 Direct labor Materials purchased during January Factory overhead incurred during January: $423,000 451,200 Indirect labor Machinery depreciation Heat, light, and power Supplies Property taxes Miscellaneous costs 45,120 27,260 9,400 7,520 6,580 12,220