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They're looking for a format like this: EX 18-15 Statement of cost of goods manufactured for a manufacturing company OBJ. 3 Cost data for Mix-A-Lot
They're looking for a format like this:
EX 18-15 Statement of cost of goods manufactured for a manufacturing company OBJ. 3 Cost data for Mix-A-Lot Manufacturing Company for the month ended March 31, 2016, are as follows: Invento des Materials Workin process Finished goods March $375.000 214,200 163,800 March 31 $277,200 239.400 189.000 $567.000 604.800 Direct labor Materials purchased during May Factory overbead incurred during. May: Indirect labor Machinery depreciation Heat, light and power Supplies Property taxes Miscellaneous costs 60.180 36.000 12,600 10.080 8.820 16.380 a. Prepare a cost of goods manufactured statement for March 2016, b. Determine the cost of goods sold for March 2016, Legend Guitars Statement of Cost of Goods Manufactured For the Year Ended December 31, 2016 $ 30,000 $ 65,000 100,000 $ 165,000 35,000 $130,000 110,000 Work in process inventory, January 1, 2016.. Direct materials: Materials inventory, January 1, 2016 Purchases.. Cost of materials available for use. Less materials inventory, December 31, 2016 Cost of direct materials used Direct labor Factory overhead: Indirect labor Depreciation on factory equipment. Factory supplies and utility costs Total factory overhead. Total manufacturing costs incurred Total manufacturing costs Less work in process inventory, December 31, 2016 Cost of goods manufactured $ 24,000 10,000 10,000 WEEN 44,000 RE 284.000 $314,000 24,000 $290,000
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