Question
Cost data for Disksan Manufacturing Company for the month ended January 31 are as follows: Inventories January 1 January 31 Materials $142,000 $123,540 Work in
Cost data for Disksan Manufacturing Company for the month ended January 31 are as follows: Inventories January 1 January 31 Materials $142,000 $123,540 Work in process 97,980 85,240 Finished goods 72,420 84,010 Direct labor $255,600 Materials purchased during January 272,640 Factory overhead incurred during January: Indirect labor 27,260 Machinery depreciation 16,470 Heat, light, and power 5,680 Supplies 4,540 Property taxes 3,980 Miscellaneous costs 7,380 Question Content Area 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 Work in process inventory, January 1 $Work in process inventory, January 1 Direct materials: Materials inventory, January 1 $Materials inventory, January 1 Purchases Purchases Cost of materials available for use $Cost of materials available for use Less materials inventory, January 31 Less materials inventory, January 31 Cost of direct materials used $Cost of direct materials used Direct labor Direct labor Factory overhead: Indirect labor $Indirect labor Machinery depreciation Machinery depreciation Heat, light, and power Heat, light, and power Supplies Supplies Property taxes Property taxes Miscellaneous costs Miscellaneous costs Total factory overhead fill in the blank 242952f53fb6f9d_27 Total manufacturing costs incurred during January fill in the blank 242952f53fb6f9d_28 Total manufacturing costs $fill in the blank 242952f53fb6f9d_29 Less work in process inventory, January 31 Less work in process inventory, January 31 Cost of goods manufactured $fill in the blank 242952f53fb6f9d_32 Feedback Area Feedback a. Add the beginning materials and purchases and subtract the ending materials. Add direct labor and factory overhead. This will give total manufacturing costs. Then, add the total manufacturing costs to the beginning work in process and subtract the ending work in process. Question Content Area b. Determine the cost of goods sold for January. $fill in the blank 66a83603dfb2013_1
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