Answered step by step
Verified Expert Solution
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 $208,750 $179,530 Work in process 141,950 122,080 Finished goods 108,550 122,080 Direct labor $375,750 Materials purchased during January 400,800 Factory overhead incurred during January: Indirect labor 40,080 Machinery depreciation 24,220 Heat, light, and power 8,350 Supplies 6,680 Property taxes Miscellaneous costs 5,850 10,860 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 Total manufacturing costs incurred during January Total manufacturing costs Less work in process inventory, January 31 Cost of nonde manufactured 000000 0000
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started