5 Statement of cost of goods manufactured for a manufacturing company 0 Cost data for Firetree Manufacturing Company for the month ended March 31 are as follows Inventories Materials Work in process Finished goods Direct labor Materials purchased during March I Factory overhead incurred during March Indirect labor Machinery depreciation Heat, light, and power March 1 5240,000 428,700 $82,100 Supplies Property taxes Miscellaneous costs a. Prepare a cost of goods manufactured statement for March b. Determine the cost of goods sold for March. March 31 $195.200 $10,400 614,400 $3,200.000 2,673,500 320,000 213,000 174,000 36,100 30,000 48.200

5 Statement of cost of goods manufactured for a manufacturing company 0 Cost data for Firetree Manufacturing Company for the month ended March 31 are as follows Inventories Materials Work in process Finished goods Direct labor Materials purchased during March I Factory overhead incurred during March Indirect labor Machinery depreciation Heat, light, and power March 1 5240,000 428,700 $82,100 Supplies Property taxes Miscellaneous costs a. Prepare a cost of goods manufactured statement for March b. Determine the cost of goods sold for March. March 31 $195.200 $10,400 614,400 $3,200.000 2,673,500 320,000 213,000 174,000 36,100 30,000 48.200

Financial & Managerial Accounting

14th Edition

ISBN:9781337119207

Author:Carl Warren, James M. Reeve, Jonathan Duchac

Publisher:Carl Warren, James M. Reeve, Jonathan Duchac

Chapter15: Introduction To Managerial Accounting

Section: Chapter Questions

Problem 15.9EX: Classifying costs The following is a manufacturing cost report of Marching Ants Inc. Evaluate and...

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