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 January 1 January 31 Materials $145,000 $123,250 Work in process 97,150 82,580 Finished goods 75,400 82,580 Direct labor Materials purchased during January Factory overhead incurred during January: Indirect labor Machinery depreciation Heat, light, and power Supplies Property taxes Miscellaneous costs $261,000 278,400 27,840 16,820 5,800 4,640 4,060 7,540 B a. Prepare a cost of goods manufactured statement for January. Sandusky Manufacturing Company Statement of Cost of Goods Manufactured For the Month Ended January 31 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 Purchases Cost of materials available for use Materials inventory, January 31 Cost of direct materials used in production Direct labor 145,000 13 Factory overhead: Indirect labor Machinery depreciation Heat, light, and power Supplies Property taxes Miscellaneous costs Total factory overhead Total manufacturing costs incurred during January 97,150 Property taxes Miscellaneous costs Total factory overhead Total manufacturing costs incurred during January Total manufacturing costs Work in process inventory, January 31 Cost of goods manufactured Feedback 0000 Check My Work a. Add the beginning materials and purchases and subtract the ending materials. Add direct labor and factory overhead. This Then, add the total manufacturing costs to the beginning work in process and subtract the ending work in process. b. Determine the cost of goods sold for January. Check My Work b. Add the cost of goods manufactured from (a) to the beginning finished goods. Subtract the ending finished goods. Feedback