Cost data for Disksan Manufacturing Company for the month ended January 31 are as follows:InventoriesJanuary 1January 31Materials$310,000$276,600Work in process215,200238,400Finished goods162,800190,100 January 31Direct labor$565,000Materials purchased during January604,800Factory overhead incurred during January: Indirect labor60,440 Machinery depreciation35,000 Heat, light, and power13,600 Supplies8,540 Property taxes8,860 Miscellaneous costs16,400 Required:A.Prepare a cost of goods manufactured statement for January. Refer to the Labels and Amount Descriptions list provided for the exact wording of the answer choices for text entries. “Less” or “Plus” will automatically appear if it is required. Enter all amounts as positive numbers. Be sure to complete the statement heading.B.Determine the cost of goods sold for January.

Formula: Cost of goods sold = Beginning finished goods inventory + cost of goods manufactured -…

Answered: Cost data for Disksan Manufacturing…

Principles of Cost Accounting

17th Edition

ISBN:9781305087408

Author:Edward J. Vanderbeck, Maria R. Mitchell

Publisher:Edward J. Vanderbeck, Maria R. Mitchell

Chapter1: Introduction To Cost Accounting

Section: Chapter Questions

Problem 8P: OReilly Manufacturing Co.s cost of goods sold for the month ended July 31 was 345,000. The ending...

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Cost data for Disksan Manufacturing Company for the month ended January 31 are as follows:

Inventories	January 1	January 31
Materials	$310,000	$276,600
Work in process	215,200	238,400
Finished goods	162,800	190,100

	January 31
Direct labor	$565,000
Materials purchased during January	604,800
Factory overhead incurred during January:
Indirect labor	60,440
Machinery depreciation	35,000
Heat, light, and power	13,600
Supplies	8,540
Property taxes	8,860
Miscellaneous costs	16,400

	Required:
A.	Prepare a cost of goods manufactured statement for January. Refer to the Labels and Amount Descriptions list provided for the exact wording of the answer choices for text entries. “Less” or “Plus” will automatically appear if it is required. Enter all amounts as positive numbers. Be sure to complete the statement heading.
B.	Determine the cost of goods sold for January.

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