Statement of Cost of Goods Manufactured for a Manufacturing Company Cost data fo

Question

Statement of Cost of Goods Manufactured for a Manufacturing Company Cost data for Sandusky Manufacturing Company for the month ended January 31 are as follows: Inventories Materials Work in process Finished goods January 1 $216,500 147,220 112,580 January 31 $184,030 125,140 125,140 Direct labor Materials purchased during January Factory overhead incurred during January: $389,700 415,680 41,570 25,110 8,660 6,930 6,060 11,260 a. Prepare a cost of goods manufactured statement for January Indirect labor Machinery depreciation Heat, light, and power Supplies Property taxes Miscellaneous costs Sandusky Manufacturing Company Statement of Cost of Goods Manufactured For the Month Ended January 31 Work in process inventory,January 1 Direct materials:

Explanation / Answer

Question a

Cost of goods manufactured statement for january

Question b

Cost of goods sold during the january

= Opening finished goods + Cost of goods manufactured during Jan. - Clos. finished goods

= $112,580 + $959,520 - $125,140

= $946,960

Hope this is useful and thank u!!!!

Please don't forget to give thumbs up if u are satisfied!!!

Amount Amount Amount Direct labor $389,700 Direct material: Work in process inventory, January 1 $147,220 Direct material: Raw material on January 1 (Opening) $216,500 Add: Purchases during January $415,680 Raw material available $632,180 Less: Raw material on January 31 (Closing) $184,030 Raw material transfered to production $448,150 Factory overhead Indirect labor $41,570 Machinery depreciation $25,110 Heat, Light, and Power $8,660 Supplies $6,930 Property tax $6,060 Miscellaneous costs $11,260 Total Factory ovrhead $99,590 Total Manufacturing cost incurred during the month $937,440 Total manufacturing cost $1,084,660 Less: Work in process, January 31 $125,140 Cost of goods manufactured $959,520

Related Questions

Navigate

• Browse (All)
• Browse S
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.