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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:
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 | $167,750 | $147,620 | ||
Work in process | 115,750 | 101,860 | ||
Finished goods | 87,230 | 100,380 |
Direct labor | $301,950 | |
Materials purchased during January | 322,080 | |
Factory overhead incurred during January: | ||
Indirect labor | 32,210 | |
Machinery depreciation | 19,460 | |
Heat, light, and power | 6,710 | |
Supplies | 5,370 | |
Property taxes | 4,700 | |
Miscellaneous costs | 8,720 |
a. Prepare a cost of goods manufactured statement for January.
Disksan Manufacturing Company | |||
Statement of Cost of Goods Manufactured | |||
For the Month Ended January 31 | |||
$ | |||
Direct materials: | |||
$ | |||
$ | |||
$ | |||
Factory overhead: | |||
$ | |||
Total factory overhead | |||
Total manufacturing costs incurred during January | |||
Total manufacturing costs | $ | ||
Cost of goods manufactured | $ |
b. Determine the cost of goods sold for January. $
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