Question
Cost data for Johnstone Manufacturing Company for the month ended March 31 are as follows: Inventories March 1 March 31 Materials $205,200 $188,680 Work in
Cost data for Johnstone Manufacturing Company for the month ended March 31 are as follows:
Inventories | March 1 | March 31 | ||||
Materials | $205,200 | $188,680 | ||||
Work in process | 425,930 | 498,720 | ||||
Finished goods | 572,810 | 601,800 | ||||
Direct labor | $3,420,000 | |||||
Materials purchased during March | 2,605,250 | |||||
Factory overhead incurred during March: | ||||||
Indirect labor | 312,680 | |||||
Machinery depreciation | 205,200 | |||||
Heat, light, and power | 171,000 | |||||
Supplies | 34,100 | |||||
Property taxes | 29,310 | |||||
Miscellaneous costs | 44,660 |
cost of goods manufactured statement for March. Round your answers to the nearest dollar.
Johnstone Manufacturing Company | ||||||
Statement of Cost of Goods Manufactured | ||||||
For the Month Ended March 31 | ||||||
Indirect laborMachinery depreciationSuppliesWork in process inventory, March 1Work in process inventory, March 1 | $ | fill in the blank 3 | ||||
Direct materials: | ||||||
Machinery depreciationMaterials inventory, March 1SuppliesWork in process inventory, March 31Materials inventory, March 1 | $ | fill in the blank 5 | ||||
Indirect labor Property taxesPurchasesWork in process inventory, March 31Purchases | fill in the blank 7 | |||||
Cost of materials available for use Less work in process inventory, March 31SuppliesWork in process inventory, March 1Cost of materials available for use | $ | fill in the blank 9 | ||||
Indirect labor Materials inventory, March 31Miscellaneous costWork in process inventory, March 31Materials inventory, March 31 | fill in the blank 11 | |||||
Cost of direct materials used in productionLess work in process inventory, March 31Materials inventory, March 1Total manufacturing costsCost of direct materials used in production | $ | fill in the blank 13 | ||||
Direct laborIndirect laborMachinery depreciationSuppliesDirect labor | fill in the blank 15 | |||||
Factory overhead: | ||||||
Indirect laborMaterials inventory, March 1Materials inventory, March 31PurchasesIndirect labor | $ | fill in the blank 17 | ||||
Direct laborMachinery depreciationPurchasesWork in process inventory, March 31Machinery depreciation | fill in the blank 19 | |||||
Direct laborHeat, light, and powerMaterials inventory, March 1Work in process inventory, March 31Heat, light, and power | fill in the blank 21 | |||||
Direct laborMaterials inventory, March 1PurchasesSuppliesSupplies | fill in the blank 23 | |||||
Materials inventory, March 31Property taxesPurchasesWork in process inventory, March 31Property taxes | fill in the blank 25 | |||||
Direct materialsMiscellaneous costsPurchasesWork in process inventory, March 31Miscellaneous costs | fill in the blank 27 | |||||
Total factory overhead | fill in the blank 28 | |||||
Total manufacturing costs incurred during March | fill in the blank 29 | |||||
Total manufacturing costs | $ | fill in the blank 30 | ||||
Cost of materials available for use Direct materialsMaterials inventory, March 31Work in process inventory, March 31Work in process inventory, March 31 | fill in the blank 32 | |||||
Cost of goods manufactured | $ | fill in the blank 33 |
Determine the cost of goods sold for March. Round your answer to the nearest dollar.
$fill in the blank 34
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