Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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 $201,500 $179,340 Work in process 139,040 123,740 Finished goods 104,780 121,950 Direct labor $362,700 Materials purchased during January 386,880 Factory overhead incurred during January: Indirect labor 38,690 Machinery depreciation 23,370 Heat, light, and power 8,060 Supplies 6,450 Property taxes 5,640 Miscellaneous costs 10,480 a. Prepare a cost of goods manufactured statement for January, Disksan Manufacturing Company Statement of Cost of Goods Manufactured 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 Work in process inventory, January 1 Direct materials: Materials inventory, January 1 Purchases Cost of materials available for use Less materials inventory, January 31 Cost of direct materials used Direct labor Factory overhead: Indirect labor Machinery depreciation Heat, light, and power Supplies Property taxes Miscellaneous costs Total factory overhead 3000 Supplies Property taxes Miscellaneous costs Total factory overhead Total manufacturing costs incurred during January Total manufacturing costs Less work in process inventory, January 31 Cost of goods manufactured Feedback Check My Work b. Determine the cost of goods sold for January. 0000 000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Vba Advanced Advanced Techniques For Finance Pros

Authors: Hayden Van Der Post

1st Edition

979-8864994818

More Books

Students also viewed these Accounting questions