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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 $131,250 $111,560 Work in
Cost data for Sandusky Manufacturing Company for the month ended January 31 are as follows:
Inventories | January 1 | January 31 | ||
Materials | $131,250 | $111,560 | ||
Work in process | 86,630 | 73,630 | ||
Finished goods | 68,250 | 74,750 |
Direct labor | $236,250 | |
Materials purchased during January | 252,000 | |
Factory overhead incurred during January: | ||
Indirect labor | 25,200 | |
Machinery depreciation | 15,230 | |
Heat, light, and power | 5,250 | |
Supplies | 4,200 | |
Property taxes | 3,670 | |
Miscellaneous costs | 6,830 |
a. Prepare a cost of goods manufactured statement for January.
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