Question
Prepare a cost of goods manufactured statement for March. Round your answers to the nearest dollar. Johnstone Manufacturing Company Statement of Cost of Goods Manufactured
Prepare a cost of goods manufactured statement for March. Round your answers to the nearest dollar.
Johnstone Manufacturing Company | ||||||
Statement of Cost of Goods Manufactured | ||||||
For the Month Ended March 31 | ||||||
Indirect laborMachinery depreciationSuppliesWork in process inventory, March 1 | $ | fill in the blank 3 | ||||
Direct materials: | ||||||
Machinery depreciationMaterials inventory, March 1SuppliesWork in process inventory, March 31 | $ | fill in the blank 5 | ||||
Indirect labor Property taxesPurchasesWork in process inventory, March 31 | fill in the blank 7 | |||||
Cost of materials available for use Less work in process inventory, March 31SuppliesWork in process inventory, March 1 | $ | fill in the blank 9 | ||||
Indirect labor Materials inventory, March 31Miscellaneous costWork in process inventory, March 31 | fill in the blank 11 | |||||
Cost of direct materials used in productionLess work in process inventory, March 31Materials inventory, March 1Total manufacturing costs | $ | fill in the blank 13 | ||||
Direct laborIndirect laborMachinery depreciationSupplies | fill in the blank 15 | |||||
Factory overhead: | ||||||
Indirect laborMaterials inventory, March 1Materials inventory, March 31Purchases | $ | fill in the blank 17 | ||||
Direct laborMachinery depreciationPurchasesWork in process inventory, March 31 | fill in the blank 19 | |||||
Direct laborHeat, light, and powerMaterials inventory, March 1Work in process inventory, March 31 | fill in the blank 21 | |||||
Direct laborMaterials inventory, March 1PurchasesSupplies | fill in the blank 23 | |||||
Materials inventory, March 31Property taxesPurchasesWork in process inventory, March 31 | fill in the blank 25 | |||||
Direct materialsMiscellaneous costsPurchasesWork in process inventory, March 31 | fill in the blank 27 | |||||
Total factory overhead | fill in the blank 28 | |||||
Total manufacturing costs incurred during March | fill in the blank 29 | |||||
Total manufacturing costs | $ | fill in the blank 30 | ||||
Cost of materials available for use Direct materialsMaterials inventory, March 31Work in process inventory, March 31 | fill in the blank 32 | |||||
Cost of goods manufactured | $ | fill in the blank 33 |
Determine the cost of goods sold for March. Round your answer to the nearest dollar.
$fill in the blank
Cost data for Johnstone Manufacturing Company for the month ended March 31 are as follows: \begin{tabular}{lrc} Inventories & March 1 & March 31 \\ \hline Materials & $208,800 & $191,990 \\ Work in process & 433,410 & 507,470 \\ Finished goods & 582,850 & 612,360 \end{tabular} Direct labor $3,480,000 Materials purchased during March Factory overhead incurred during March: Indirectlabor318,170 Machinerydepreciation208,800 Heat,light,andpower174,000 Supplies 34,700 Property taxes 29,820 Miscellaneous costs 45,440Step by Step Solution
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