Statement of cost of goods manufactured for a manufacturing company Cost data for Johnstone Manufacturing Company for the month ended March 31 are as follows: Inventories March 1 March 31 Materials $240,000 $220,680 Work in process 498,170 583,300 Finished goods 669,950 703,870 Direct labor $4,000,000 Materials purchased during March 3,047,080 Factory overhead incurred during March: Indirect labor 365,710 Machinery depreciation 240,000 Heat, light, and power 200,000 Supplies 39,880 Property taxes 34,280 Miscellaneous costs 52,230 This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the questions below. Open spreadsheet Prepare a cost of goods manufactured statement for March. Round your answers to the nearest dollar. Johnstone Manufacturing Company Statement of Cost of Goods Manufactured For the Month Ended March 31 $ fill in the blank 3 Direct materials: $ fill in the blank 5 fill in the blank 7 $ fill in the blank 9 fill in the blank 11 $ fill in the blank 13 fill in the blank 15 Factory overhead: $ fill in the blank 17 fill in the blank 19 fill in the blank 21 fill in the blank 23 fill in the blank 25 fill in the blank 27 Total factory overhead fill in the blank 28 Total manufacturing costs incurred during March fill in the blank 29 Total manufacturing costs $ fill in the blank 30 fill in the blank 32 Cost of goods manufactured $ fill in the blank 33 Determine the cost of goods sold for March. Round your answer to the nearest dollar. $fill in the blank 34
Statement of cost of goods manufactured for a manufacturing company Cost data for Johnstone Manufacturing Company for the month ended March 31 are as follows: Inventories March 1 March 31 Materials $240,000 $220,680 Work in process 498,170 583,300 Finished goods 669,950 703,870 Direct labor $4,000,000 Materials purchased during March 3,047,080 Factory overhead incurred during March: Indirect labor 365,710 Machinery depreciation 240,000 Heat, light, and power 200,000 Supplies 39,880 Property taxes 34,280 Miscellaneous costs 52,230 This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the questions below. Open spreadsheet Prepare a cost of goods manufactured statement for March. Round your answers to the nearest dollar. Johnstone Manufacturing Company Statement of Cost of Goods Manufactured For the Month Ended March 31 $ fill in the blank 3 Direct materials: $ fill in the blank 5 fill in the blank 7 $ fill in the blank 9 fill in the blank 11 $ fill in the blank 13 fill in the blank 15 Factory overhead: $ fill in the blank 17 fill in the blank 19 fill in the blank 21 fill in the blank 23 fill in the blank 25 fill in the blank 27 Total factory overhead fill in the blank 28 Total manufacturing costs incurred during March fill in the blank 29 Total manufacturing costs $ fill in the blank 30 fill in the blank 32 Cost of goods manufactured $ fill in the blank 33 Determine the cost of goods sold for March. Round your answer to the nearest dollar. $fill in the blank 34
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 9E: Financial statements of a manufacturing firm The following events took place for Sorensen...
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Statement of cost of goods manufactured for a manufacturing company
Cost data for Johnstone Manufacturing Company for the month ended March 31 are as follows:
Inventories | March 1 | March 31 | ||||
Materials | $240,000 | $220,680 | ||||
Work in process | 498,170 | 583,300 | ||||
Finished goods | 669,950 | 703,870 | ||||
Direct labor | $4,000,000 | |||||
Materials purchased during March | 3,047,080 | |||||
Factory overhead incurred during March: | ||||||
Indirect labor | 365,710 | |||||
Machinery |
240,000 | |||||
Heat, light, and power | 200,000 | |||||
Supplies | 39,880 | |||||
Property taxes | 34,280 | |||||
Miscellaneous costs | 52,230 |
This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the questions below.
- Prepare a cost of goods manufactured statement for March. Round your answers to the nearest dollar.
Johnstone Manufacturing Company Statement of Cost of Goods Manufactured For the Month Ended March 31 $ fill in the blank 3 Direct materials: $ fill in the blank 5 fill in the blank 7 $ fill in the blank 9 fill in the blank 11 $ fill in the blank 13 fill in the blank 15 Factory overhead: $ fill in the blank 17 fill in the blank 19 fill in the blank 21 fill in the blank 23 fill in the blank 25 fill in the blank 27 Total factory overhead fill in the blank 28 Total manufacturing costs incurred during Marchfill in the blank 29 Total manufacturing costs $ fill in the blank 30 fill in the blank 32 Cost of goods manufactured $ fill in the blank 33 -
Determine the cost of goods sold for March. Round your answer to the nearest dollar.
$fill in the blank 34
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