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Need help finding the answer for the red X and las question. Statement of cost of goods manufactured for a manufacturing company Cost data for
Need help finding the answer for the red X and las question.
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 Materials Work in process Finished goods January 1 $238,910 444,110 895,910 January 31 $193,120 385,840 949,010 $2,999,640 1,825,000 Direct labor Materials purchased during January Factory overhead incurred during January: Indirect labor Machinery depreciation Heat, light, and power Supplies Property taxes Miscellaneous costs This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the questions below. 152,640 119,450 73,000 24,550 13,270 43,930 X Open spreadsheet a. Prepare a cost of goods manufactured statement for January. Round your answers to the nearest dollar. $ 444,110 Sandusky Manufacturing Company Statement of Cost of Goods Manufactured For the Month Ended January 31 Work in process inventory, January 1 Direct materials: Materials Inventory, January 1 238,910 Purchases 1,825,000 Cost of materials available for use $ 2,063,910 Materials Inventory, January 31 193,120 Cost of direct materials used in production 1,870,790 Direct labor 2,999,640 v Factory overhead: Indirect labor 152,640 Machinery depreciation 119,450 Heat, light, and power 73,000 Supplies 24,550 Property taxes 13,270 Miscellaneous costs 43,930 Total factory overhead 426,840 Total manufacturing costs incurred during January Total manufacturing costs Work in process inventory, January 31 Cost of goods manufactured 5,297,270 $ 444,110 x 385,840 $ 4,035,000 X b. Determine the cost of goods sold for January. Round your answer to the nearest dollarStep by Step Solution
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