Cost of Goods Manufactured?

Statement of Cost of Goods Manufactured for a Manufacturing Company

Cost data for Sandusky Manufacturing Company for the month ended January 31 are as follows:

Inventories	January 1		January 31
Materials	$171,250		$148,990
Work in process	118,160		102,800
Finished goods	87,340		99,820

Direct labor		$308,250
Materials purchased during January		328,800
Factory overhead incurred during January:
	Indirect labor	32,880
	Machinery depreciation	19,870
	Heat, light, and power	6,850
	Supplies	5,480
	Property taxes	4,800
	Miscellaneous costs	8,910

Sandusky Manufacturing Company Statement of Cost of Goods Manufactured For the Month Ended January 31 Work in process inventory, January 1 118,160V Direct materials: Materials inventory, January Purchases Cost of materials available for use Materials inventory, January 1 171,250 V 328,800 V 500,050 148,990 V 31 Cost of direct materials used in production 351,060 V Direct labor Factory overhead 308,250 Indirect labor Machinery depreciation Heat, light, and power Supplies Property taxes Miscellaneous costs 32,880 V 19,870 6,850 5,480 4,800 V 8,910 Total factory overhead 78,790 Total manufacturing costs incurred during January Total manufacturing costs Work in 736.390 | X 849,420X 99,460 X 749,960X inventory, January 31 Cost of goods manufactured