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EX 1-16 Statement of cost of goods manufactured for a manufacturing company Obj. 4 Cost data for Sandusky Manufacturing Company for the month ended January 31 are as follows: SHOW ME HOW EXCEL TEMPLATE Inventories January 1 January 31 Materials $180,000 $ 145,500 Work in process 334,600 290,700 Finished goods 675,000 715,000 Direct labor $2,260,000 Materials purchased during January 1,375,000 Factory overhead incurred during January: Indirect labor 115,000 Machinery depreciation 90,000 Heat, light, and power 55,000 Supplies 18,500 Property taxes 10,000 Miscellaneous costs 33,100 A. Prepare a cost of goods manufactured statement for January. Answer + B. Determine the cost of goods sold for January.

EX 1-16 Statement of cost of goods manufactured for a manufacturing company Obj. 4 Cost data for Sandusky Manufacturing Company for the month ended January 31 are as follows: SHOW ME HOW EXCEL TEMPLATE Inventories January 1 January 31 Materials $180,000 $ 145,500 Work in process 334,600 290,700 Finished goods 675,000 715,000 Direct labor $2,260,000 Materials purchased during January 1,375,000 Factory overhead incurred during January: Indirect labor 115,000 Machinery depreciation 90,000 Heat, light, and power 55,000 Supplies 18,500 Property taxes 10,000 Miscellaneous costs 33,100 A. Prepare a cost of goods manufactured statement for January. Answer + B. Determine the cost of goods sold for January.

Financial & Managerial Accounting
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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Cells with non-gray backgrounds are protected and cannot be edited. An asterisk (*) will appear to the right of an incorrect entry. A. Sandusky Manufacturing Company Statement of Cost of Goods Manufactured For the Month Ended January 31 Work in process inventory, January 1 Page 1 Direct materials: Cost of direct materials used in production Direct labor Factory overhead: Total factory overhead Total manufacturing costs incurred during January Total manufacturing costs Cost of goods manufactured В. Cost of goods sold for January: Page 2 Cost of finished goods available for sale Cost of goods sold
Transcribed Image Text:Cells with non-gray backgrounds are protected and cannot be edited. An asterisk (*) will appear to the right of an incorrect entry. A. Sandusky Manufacturing Company Statement of Cost of Goods Manufactured For the Month Ended January 31 Work in process inventory, January 1 Page 1 Direct materials: Cost of direct materials used in production Direct labor Factory overhead: Total factory overhead Total manufacturing costs incurred during January Total manufacturing costs Cost of goods manufactured В. Cost of goods sold for January: Page 2 Cost of finished goods available for sale Cost of goods sold
EX 1-16 Statement of cost of goods manufactured for a manufacturing company Obj. 4 Cost data for Sandusky Manufacturing Company for the month ended January 31 are as follows: SHOW ME HOW EXCEL TEMPLATE Inventories January 1 January 31 Materials $180,000 $ 145,500 Work in process 334,600 290,700 Finished goods 675,000 715,000 Direct labor $2,260,000 Materials purchased during January 1,375,000 Factory overhead incurred during January: Indirect labor 115,000 Machinery depreciation 90,000 Heat, light, and power 55,000 Supplies 18,500 Property taxes 10,000 Miscellaneous costs 33,100 A. Prepare a cost of goods manufactured statement for January. Answer + B. Determine the cost of goods sold for January.
Transcribed Image Text:EX 1-16 Statement of cost of goods manufactured for a manufacturing company Obj. 4 Cost data for Sandusky Manufacturing Company for the month ended January 31 are as follows: SHOW ME HOW EXCEL TEMPLATE Inventories January 1 January 31 Materials $180,000 $ 145,500 Work in process 334,600 290,700 Finished goods 675,000 715,000 Direct labor $2,260,000 Materials purchased during January 1,375,000 Factory overhead incurred during January: Indirect labor 115,000 Machinery depreciation 90,000 Heat, light, and power 55,000 Supplies 18,500 Property taxes 10,000 Miscellaneous costs 33,100 A. Prepare a cost of goods manufactured statement for January. Answer + B. Determine the cost of goods sold for January.
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