Manhattan Company has the following information for November: Cost of direct materials used in production              $230,700 Direct labor                                                                 267,000 Factory overhead                                                        155,800 Work in process inventory, November 1                     59,600 Work in process inventory, November 30                   63,300 Finished goods inventory, November 1                      42,600 Finished goods inventory, November 30                    44,100 For November, using the data given, prepare a statement of Cost of Goods Manufactured.

Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter1: Introduction To Managerial Accounting
Section: Chapter Questions
Problem 15E: Statement of cost of goods manufactured for a manufacturing company Cost data for Johnstone...
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Cost of Goods Sold, Cost of Goods Manufactured

Manhattan Company has the following information for November:

Cost of direct materials used in production              $230,700
Direct labor                                                                 267,000
Factory overhead                                                        155,800
Work in process inventory, November 1                     59,600
Work in process inventory, November 30                   63,300
Finished goods inventory, November 1                      42,600
Finished goods inventory, November 30                    44,100

For November, using the data given, prepare a statement of Cost of Goods Manufactured.

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