Statement of Cost of Services.

Just curious if all of this looks right.

Thanks!

For the Month Ended January 31, 2020 0 Beginning Work in Process Inventory Direct Materials: Materials - Beginning Add: Purchases for month of January Materials Available for Use Deduct: Ending Materials Materials Used 0 5,000 $ 5,000 3,000 $ 2,000 Direct Labor Overhead Total Service Costs 6,240 2,800 $ 11,040 Deduct: Ending Work in Process Inventory 0 Cost of Services $ 11,040 INSTRUCTIONS: The following are the actual numbers for January: Materials Purchased $5,000 of Materials Consumed 40% of those purchased materials Direct Labor Direct Labor was $6,240 Overhead Overhead was $2,800