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Cost data for Sandusky Manufacturing Company for the month ended January 31 are as follows: Inventories January 1 January 31 Materials $310,000 $276,600 238,400 Work
Cost data for Sandusky Manufacturing Company for the month ended January 31 are as follows: Inventories January 1 January 31 Materials $310,000 $276,600 238,400 Work in process 215,200 Finished goods 162,800 190,100 January 31 Direct labor $565,000 604,800 Materials purchased during the month Factory overhead incurred during the month: Indirect labor 60,440 Machinery depreciation 35,000 Heat, light, and power 13,600 Supplies 8,540 Property taxes 8,860 Miscellaneous costs 16,400 Required: a. Prepare a cost of goods manufactured statement for January. Refer to the Amount Descriptions list provided for the exact wording of the answer choices for text entries. For those boxes in which you must enter subtracted or negative numbers use a minus sign. b. Determine the cost of goods sold for January. Amount Descriptions Direct labor Finished goods inventory, January 1 Finished goods inventory, January 31 Heat, light, and power Indirect labor Machinery depreciation Materials inventory, January 1 Materials inventory, January 31 Miscellaneous costs Property taxes Purchases Supplies Work in process inventory, January 1 Work in process inventory, January 31 a. Prepare a cost of goods manufactured statement for January. Refer to the Amount Descriptions list provided for the exact wording of the answer choices for text entries. For those boxes in which you must enter subtracted or negative numbers use a minus sign. Sandusky Manufacturing Company Statement of Cost of Goods Manufactured For the Month Ended January 31 2 Direct materials: Cost of materials available for use Cost of direct materials used in production 9 Factory overhead: Total factory overhead 17 Total manufacturing costs incurred in January 18 Total manufacturing costs 20 Cost of goods manufactured
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