MILESTONE 3 - Statement of Cost of Goods Manufactured

INSTRUCTIONS:

The following are the actual numbers for January:

Materials

Purchased $5,000 of Materials

Consumed 40% of those purchased materials

Direct Labor

Direct Labor was $6,240

Factory Overhead

Factory Overhead was $2,800

Statement of Cost of Goods Manufactured
For the Month Ended January 31, xxxx
	Beginning Work in Process Inventory		$ 5,000.00
	Direct Materials:
	Materials - Beginning	$ 5,000.00
	Add: Purchases for month of January	-
	Materials Available for Use	$ -
	Deduct: Ending Materials	-
	Materials Used in Production		$ -
	Direct Labor		6,240
	Factory Overhead		2,800
	Total Manufacturing Overhead		$ 9,040.00
	Deduct: Ending Work in Process Inventory		-
	Cost of Goods Manufactured		$ -