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eBook Show Me How Question Content Area Statement of Cost of Goods Manufactured for a Manufacturing Company Cost data for Disksan Manufacturing Company for the
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Question Content Area
Statement of Cost of Goods Manufactured for a Manufacturing Company
Cost data for Disksan Manufacturing Company for the month ended January 31 are as follows:
Inventories | January 1 | January 31 | ||
Materials | $208,750 | $177,440 | ||
Work in process | 139,860 | 118,880 | ||
Finished goods | 108,550 | 120,660 |
Direct labor | $375,750 | |
Materials purchased during January | 400,800 | |
Factory overhead incurred during January: | ||
Indirect labor | 40,080 | |
Machinery depreciation | 24,220 | |
Heat, light, and power | 8,350 | |
Supplies | 6,680 | |
Property taxes | 5,850 | |
Miscellaneous costs | 10,860 |
Question Content Area
a. Prepare a cost of goods manufactured statement for January.
Indirect laborMachinery depreciationSuppliesWork in process inventory, January 1Work in process inventory, January 31 | $- Select - | ||
Direct materials: | |||
Indirect laborMachinery depreciationMaterials inventory, January 1SuppliesWork in process, January 31 | $- Select - | ||
Indirect laborMachinery depreciationProperty taxesPurchasesWork in process inventory, January 31 | - Select - | ||
Cost of materials available for useIndirect laborSuppliesWork in process inventory, January 1Work in process inventory, January 31 | $- Select - | ||
Less indirect laborLess materials inventory, January 1Less materials inventory, January 31Less miscellaneous costLess work in process inventory, January 31 | - Select - | ||
Cost of direct materials usedMaterials inventory, January 1Total manufacturing costsWork in process inventory, January 1Work in process inventory, January 31 | $- Select - | ||
Direct laborIndirect laborMachinery depreciationProperty taxesSupplies | - Select - | ||
Factory overhead: | |||
Indirect laborMaterials inventory, January 1Materials inventory, January 31PurchasesWork in process inventory, January 1 | $- Select - | ||
Direct laborMachinery depreciationPurchasesWork in process inventory, January 1Work in process inventory, January 31 | - Select - | ||
Direct laborHeat, light, and powerMaterials inventory, January 1Work in process inventory, January 1Work in process inventory, January 31 | - Select - | ||
Direct laborMaterials inventory, January 1PurchasesSuppliesWork in process inventory, January 1 | - Select - | ||
Materials inventory, January 31Property taxesPurchasesWork in process inventory, January 1Work in process inventory, January 31 | - Select - | ||
Direct materialsMiscellaneous costsPurchasesWork in process inventory, January 1Work in process inventory, January 31 | - Select - | ||
Total factory overhead | fill in the blank 081996fde008f80_27 | ||
Total manufacturing costs incurred during January | fill in the blank 081996fde008f80_28 | ||
Total manufacturing costs | $fill in the blank 081996fde008f80_29 | ||
Less cost of materials available for useLess direct materialsLess materials inventory, January 31Less work in process inventory, January 1Less work in process inventory, January 31 | - Select - | ||
Cost of goods manufactured | $fill in the blank 081996fde008f80_32 |
Question Content Area
b. Determine the cost of goods sold for January. $fill in the blank 286e1a0b5f92fb7_1
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