Statement of Cost of Goods Manufacturedfor a Manufacturing Company

Costdata for Sandusky Manufacturing Company for the month ended January 31 are as follows:

Inventories

January 1 January 31

Materials $225,250$202,730

Work in process 148,670133,800

Finished goods 114,880135,830

Direct labor $405,450

Materials purchased during January 432,480

Factory overhead incurred during January:

Indirect labor 43,250

Machinery depreciation 26,130

Heat, light, and power 9,010

Supplies 7,210

Property taxes 6,310

Miscellaneous costs 11,710

a.cost of goods manufactured statement for January.

b.Determine thecost of goods soldfor January.

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 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 Work in process inventory, January 31 Cost of goods manufactured