Cost of Goods Sold, Cost of Goods Manufactured

Glenville Company has the following information for April:

Cost of direct materials used in production		$35,000
Direct labor		43,000
Factory overhead		36,000
Work in process inventory, April 1		25,000
Work in process inventory, April 30		32,000
Finished goods inventory, April 1		21,000
Finished goods inventory, April 30		17,000

a. For April, determine the cost of goods manufactured.

Using the data given, prepare a statement of Cost of Goods Manufactured.

Glenville Company
Statement of Cost of Goods Manufactured
		$fill in the blank e3920e09b03cff4_2
	$fill in the blank e3920e09b03cff4_4
	fill in the blank e3920e09b03cff4_6
	fill in the blank e3920e09b03cff4_8
Total manufacturing costs incurred in April		fill in the blank e3920e09b03cff4_9
Total manufacturing costs		$fill in the blank e3920e09b03cff4_10
		fill in the blank e3920e09b03cff4_12
Cost of goods manufactured		$fill in the blank e3920e09b03cff4_13

b. For April, determine the cost of goods sold.

Using the data given, prepare a statement of Cost of Goods Sold.

Glenville Company
Statement of Cost of Goods Sold
	$fill in the blank 1efef509106802e_2
	fill in the blank 1efef509106802e_4
	$fill in the blank 1efef509106802e_6
	fill in the blank 1efef509106802e_8
Cost of goods sold	$fill in the blank 1efef509106802e_9

2.

Issuance of Materials

On May 7, Hatch Company purchased on account 840 units of raw materials at $18 per unit. During May, raw materials were requisitioned for production as follows: 269 units for Job 200 at $16 per unit and 294 units for Job 305 at $18 per unit.

Journalize the entry on May 7 to record the purchase. If an amount box does not require an entry, leave it blank.

May 7		fill in the blank ad7786ffffd6f7f_2	fill in the blank ad7786ffffd6f7f_3
		fill in the blank ad7786ffffd6f7f_5	fill in the blank ad7786ffffd6f7f_6

Journalize the entry on May 31 to record the requisition from the materials storeroom. If an amount box does not require an entry, leave it blank.

May 31		fill in the blank 089ffd038037fc8_2	fill in the blank 089ffd038037fc8_3
		fill in the blank 089ffd038037fc8_5	fill in the blank 089ffd038037fc8_6