Statement of Cost of Goods Manufactured for a Manufacturing Company Cost data for Disksan Manufacturing Company for the month ended January 31 are as follows: Inventories January 1 January 31 Materials $197,750 $170,070 Work in process 136,450 117,350 Finished goods 100,850 115,650 Direct labor $355,950 Materials purchased during January 379,680 Factory overhead incurred during January: Indirect labor 37,970 Machinery depreciation 22,940 Heat, light, and power 7,910 Supplies 6,330 Property taxes 5,540 Miscellaneous costs 10,280 a. Prepare a cost of goods manufactured statement for January. Disksan Manufacturing Company Statement of Cost of Goods Manufactured For the Month Ended January 31 $fill in the blank d1a3d806300b034_2 Direct materials: $fill in the blank d1a3d806300b034_4 fill in the blank d1a3d806300b034_6 $fill in the blank d1a3d806300b034_8 fill in the blank d1a3d806300b034_10 $fill in the blank d1a3d806300b034_12 fill in the blank d1a3d806300b034_14 Factory overhead: $fill in the blank d1a3d806300b034_16 fill in the blank d1a3d806300b034_18 fill in the blank d1a3d806300b034_20 fill in the blank d1a3d806300b034_22 fill in the blank d1a3d806300b034_24 fill in the blank d1a3d806300b034_26 Total factory overhead fill in the blank d1a3d806300b034_27 Total manufacturing costs incurred during January fill in the blank d1a3d806300b034_28 Total manufacturing costs $fill in the blank d1a3d806300b034_29 fill in the blank d1a3d806300b034_31 Cost of goods manufactured $fill in the blank d1a3d806300b034_32 b. Determine the cost of goods sold for January.
Statement of Cost of Goods Manufactured for a Manufacturing Company Cost data for Disksan Manufacturing Company for the month ended January 31 are as follows: Inventories January 1 January 31 Materials $197,750 $170,070 Work in process 136,450 117,350 Finished goods 100,850 115,650 Direct labor $355,950 Materials purchased during January 379,680 Factory overhead incurred during January: Indirect labor 37,970 Machinery depreciation 22,940 Heat, light, and power 7,910 Supplies 6,330 Property taxes 5,540 Miscellaneous costs 10,280 a. Prepare a cost of goods manufactured statement for January. Disksan Manufacturing Company Statement of Cost of Goods Manufactured For the Month Ended January 31 $fill in the blank d1a3d806300b034_2 Direct materials: $fill in the blank d1a3d806300b034_4 fill in the blank d1a3d806300b034_6 $fill in the blank d1a3d806300b034_8 fill in the blank d1a3d806300b034_10 $fill in the blank d1a3d806300b034_12 fill in the blank d1a3d806300b034_14 Factory overhead: $fill in the blank d1a3d806300b034_16 fill in the blank d1a3d806300b034_18 fill in the blank d1a3d806300b034_20 fill in the blank d1a3d806300b034_22 fill in the blank d1a3d806300b034_24 fill in the blank d1a3d806300b034_26 Total factory overhead fill in the blank d1a3d806300b034_27 Total manufacturing costs incurred during January fill in the blank d1a3d806300b034_28 Total manufacturing costs $fill in the blank d1a3d806300b034_29 fill in the blank d1a3d806300b034_31 Cost of goods manufactured $fill in the blank d1a3d806300b034_32 b. Determine the cost of goods sold for January.
College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter26: Manufacturing Accounting: The Job Order Cost System
Section: Chapter Questions
Problem 2SEA: SCHEDULE OF COST OF GOODS MANUFACTURED The following information is supplied for Maupin...
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Statement of Cost of Goods Manufactured for a Manufacturing Company
Cost data for Disksan Manufacturing Company for the month ended January 31 are as follows:
Inventories | January 1 | January 31 | ||
Materials | $197,750 | $170,070 | ||
Work in process | 136,450 | 117,350 | ||
Finished goods | 100,850 | 115,650 |
Direct labor | $355,950 | |
Materials purchased during January | 379,680 | |
Factory |
||
Indirect labor | 37,970 | |
Machinery |
22,940 | |
Heat, light, and power | 7,910 | |
Supplies | 6,330 | |
Property taxes | 5,540 | |
Miscellaneous costs | 10,280 |
a. Prepare a cost of goods manufactured statement for January.
Disksan Manufacturing Company | |||
Statement of Cost of Goods Manufactured | |||
For the Month Ended January 31 | |||
$fill in the blank d1a3d806300b034_2 | |||
Direct materials: | |||
$fill in the blank d1a3d806300b034_4 | |||
fill in the blank d1a3d806300b034_6 | |||
$fill in the blank d1a3d806300b034_8 | |||
fill in the blank d1a3d806300b034_10 | |||
$fill in the blank d1a3d806300b034_12 | |||
fill in the blank d1a3d806300b034_14 | |||
Factory overhead: | |||
$fill in the blank d1a3d806300b034_16 | |||
fill in the blank d1a3d806300b034_18 | |||
fill in the blank d1a3d806300b034_20 | |||
fill in the blank d1a3d806300b034_22 | |||
fill in the blank d1a3d806300b034_24 | |||
fill in the blank d1a3d806300b034_26 | |||
Total factory overhead | fill in the blank d1a3d806300b034_27 | ||
Total |
fill in the blank d1a3d806300b034_28 | ||
Total manufacturing costs | $fill in the blank d1a3d806300b034_29 | ||
fill in the blank d1a3d806300b034_31 | |||
Cost of goods manufactured | $fill in the blank d1a3d806300b034_32 |
b. Determine the cost of goods sold for January.
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