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Cost of Goods Manufactured for a Manufacturing Company The following information is available for O'Neal Manufacturing Company for the month ending January 31, 2016: Cost
Cost of Goods Manufactured for a Manufacturing Company
The following information is available for O'Neal Manufacturing Company for the month ending January 31, 2016:
Cost of direct materials used in production | $153,400 |
Direct labor | 184,100 |
Work in process inventory, January 1 | 69,000 |
Work in process inventory, January 31 | 93,600 |
Total factory overhead | 84,400 |
Determine O'Neal's cost of goods manufactured for the month ended January 31, 2016.
O'Neal Manufacturing Company | ||
Statement of Cost of Goods Manufactured | ||
For the Month Ended January 31, 2016 | ||
$ | ||
Add manufacturing costs incurred during January: | ||
$ | ||
Total manufacturing costs incurred | ||
Total manufacturing costs | $ | |
Cost of goods manufactured | $ |
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