Question
Statement of Cost of Goods Manufacturedfor a Manufacturing Company Costdata for Sandusky Manufacturing Company for the month ended January 31 are as follows: InventoriesJanuary 1January
Statement of Cost of Goods Manufacturedfor a Manufacturing Company
Costdata for Sandusky Manufacturing Company for the month ended January 31 are as follows:
InventoriesJanuary 1January 31Materials$164,250$139,610Work in process108,41092,140Finished goods83,77093,540
Direct labor$295,650Materials purchased during January315,360Factory overhead incurred during January:Indirect labor31,540Machinery depreciation19,050Heat, light, and power6,570Supplies5,260Property taxes4,600Miscellaneous costs8,540
a.Prepare a cost of goods manufactured statement for January.
Sandusky Manufacturing CompanyStatement of Cost of Goods ManufacturedFor the Month Ended January 31
$
fill in the blank e8777901300cf99_2
Direct materials:
$
fill in the blank e8777901300cf99_4
fill in the blank e8777901300cf99_6
$
fill in the blank e8777901300cf99_8
fill in the blank e8777901300cf99_10
$
fill in the blank e8777901300cf99_12
fill in the blank e8777901300cf99_14
Factory overhead:
$
fill in the blank e8777901300cf99_16
fill in the blank e8777901300cf99_18
fill in the blank e8777901300cf99_20
fill in the blank e8777901300cf99_22
fill in the blank e8777901300cf99_24
fill in the blank e8777901300cf99_26
Total factory overheadfill in the blank e8777901300cf99_27
Total manufacturing costs incurred during Januaryfill in the blank e8777901300cf99_28
Total manufacturing costs$
fill in the blank e8777901300cf99_29
fill in the blank e8777901300cf99_31
Cost of goods manufactured$
fill in the blank e8777901300cf99_32
b.Determine thecost of goods soldfor January.
$fill in the blank 9a641bfa0fd9f8f_1
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