M.A.C

Question 1) The following information is available for Fuller Manufacturing Company for the month ending October 31 (Below). Determine Fuller Manufacturing Company's cost of goods manufactured for the month ended October 31 (Below):

• Cost of direct materials used in production: 155,100
• Direct labor: 186,100
• Work in progress inventory, October 1: 69,800
• Work in progress inventory, October 31: 94,600
• Total factory overhead: 85,300

Question 2) Cost Data for Johnson Manufacturing Company for the month ended March 31 are as follows (Below): 2 parts - A & B

A) Prepare a cost of goods manufactured statement for March: (Below)

B) Determine the cost of goods sold for March: $__________

Determine Fuller Manufacturing's cost of goods manufactured for the month ended October 31. Fuller Manufacturing Company Statement of Cost of Goods Manufactured For the Month Ended October 31 Work in process inventory, October 1 Manufacturing costs incurred during October: Cost of direct materials used in production Direct labor poo Factory overhead Total manufacturing costs incurred Total manufacturing costs Work in process inventory, October 31 Cost of goods manufactured Cost data for Johnstone Manufacturing Company for the month ended March 31 are as follows: Inventories March 1 March 31 Materials $130,500 $112,230 Work in process 86,130 74,070 Finished goods 66,560 76,320 Direct labor $234,900 Materials purchased during March 250,560 Factory overhead incurred during March: Indirect labor 25,060 Machinery depreciation 15,140 Heat, light, and power 5,220 Supplies 4,180 Property taxes 3,650 Miscellaneous costs 6,790 a. Prepare a cost of goods manufactured statement for March. Johnstone Manufacturing Company Statement of Cost of Goods Manufactured For the Month Ended March 31 Work in process inventory, March 1 Direct materials: Materials inventory, March 1 Purchases Cost of materials available for use Materials inventory, March 31 Cost of direct materials used Direct labor Factory overhead: Indirect labor 200 QO QIIIII 0 Machinery depreciation Heat, light, and power Supplies Property taxes Miscellaneous costs Total factory overhead Total manufacturing costs incurred during March Total manufacturing costs $ Work in process inventory, March 31 Cost of goods manufactured