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 $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. Disksan Manufacturing Company Statement of Cost of Goods Manufactured For the Month Ended January 31 $fill in the blank a452f8f7cfc0072_2 Direct materials: $fill in the blank a452f8f7cfc0072_4 fill in the blank a452f8f7cfc0072_6 $fill in the blank a452f8f7cfc0072_8 fill in the blank a452f8f7cfc0072_10 $fill in the blank a452f8f7cfc0072_12 fill in the blank a452f8f7cfc0072_14 Factory overhead: $fill in the blank a452f8f7cfc0072_16 fill in the blank a452f8f7cfc0072_18 fill in the blank a452f8f7cfc0072_20 fill in the blank a452f8f7cfc0072_22 fill in the blank a452f8f7cfc0072_24 fill in the blank a452f8f7cfc0072_26 Total factory overhead fill in the blank a452f8f7cfc0072_27 Total manufacturing costs incurred during January fill in the blank a452f8f7cfc0072_28 Total manufacturing costs $fill in the blank a452f8f7cfc0072_29 fill in the blank a452f8f7cfc0072_31 Cost of goods manufactured $fill in the blank a452f8f7cfc0072_32 b. Determine the cost of goods sold for January. $fill in the blank 04ce7200cf9ffdf_1
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 $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. Disksan Manufacturing Company Statement of Cost of Goods Manufactured For the Month Ended January 31 $fill in the blank a452f8f7cfc0072_2 Direct materials: $fill in the blank a452f8f7cfc0072_4 fill in the blank a452f8f7cfc0072_6 $fill in the blank a452f8f7cfc0072_8 fill in the blank a452f8f7cfc0072_10 $fill in the blank a452f8f7cfc0072_12 fill in the blank a452f8f7cfc0072_14 Factory overhead: $fill in the blank a452f8f7cfc0072_16 fill in the blank a452f8f7cfc0072_18 fill in the blank a452f8f7cfc0072_20 fill in the blank a452f8f7cfc0072_22 fill in the blank a452f8f7cfc0072_24 fill in the blank a452f8f7cfc0072_26 Total factory overhead fill in the blank a452f8f7cfc0072_27 Total manufacturing costs incurred during January fill in the blank a452f8f7cfc0072_28 Total manufacturing costs $fill in the blank a452f8f7cfc0072_29 fill in the blank a452f8f7cfc0072_31 Cost of goods manufactured $fill in the blank a452f8f7cfc0072_32 b. Determine the cost of goods sold for January. $fill in the blank 04ce7200cf9ffdf_1
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...
Related questions
Question
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 | $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 |
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.
Disksan Manufacturing Company | |||
Statement of Cost of Goods Manufactured | |||
For the Month Ended January 31 | |||
$fill in the blank a452f8f7cfc0072_2 | |||
Direct materials: | |||
$fill in the blank a452f8f7cfc0072_4 | |||
fill in the blank a452f8f7cfc0072_6 | |||
$fill in the blank a452f8f7cfc0072_8 | |||
fill in the blank a452f8f7cfc0072_10 | |||
$fill in the blank a452f8f7cfc0072_12 | |||
fill in the blank a452f8f7cfc0072_14 | |||
Factory overhead: | |||
$fill in the blank a452f8f7cfc0072_16 | |||
fill in the blank a452f8f7cfc0072_18 | |||
fill in the blank a452f8f7cfc0072_20 | |||
fill in the blank a452f8f7cfc0072_22 | |||
fill in the blank a452f8f7cfc0072_24 | |||
fill in the blank a452f8f7cfc0072_26 | |||
Total factory overhead | fill in the blank a452f8f7cfc0072_27 | ||
Total |
fill in the blank a452f8f7cfc0072_28 | ||
Total manufacturing costs | $fill in the blank a452f8f7cfc0072_29 | ||
fill in the blank a452f8f7cfc0072_31 | |||
Cost of goods manufactured | $fill in the blank a452f8f7cfc0072_32 |
b. Determine the cost of goods sold for January.
$fill in the blank 04ce7200cf9ffdf_1
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 3 steps
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
College Accounting, Chapters 1-27
Accounting
ISBN:
9781337794756
Author:
HEINTZ, James A.
Publisher:
Cengage Learning,
Principles of Cost Accounting
Accounting
ISBN:
9781305087408
Author:
Edward J. Vanderbeck, Maria R. Mitchell
Publisher:
Cengage Learning
Managerial Accounting: The Cornerstone of Busines…
Accounting
ISBN:
9781337115773
Author:
Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:
Cengage Learning
College Accounting, Chapters 1-27
Accounting
ISBN:
9781337794756
Author:
HEINTZ, James A.
Publisher:
Cengage Learning,
Principles of Cost Accounting
Accounting
ISBN:
9781305087408
Author:
Edward J. Vanderbeck, Maria R. Mitchell
Publisher:
Cengage Learning
Managerial Accounting: The Cornerstone of Busines…
Accounting
ISBN:
9781337115773
Author:
Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:
Cengage Learning
Managerial Accounting
Accounting
ISBN:
9781337912020
Author:
Carl Warren, Ph.d. Cma William B. Tayler
Publisher:
South-Western College Pub
Cornerstones of Cost Management (Cornerstones Ser…
Accounting
ISBN:
9781305970663
Author:
Don R. Hansen, Maryanne M. Mowen
Publisher:
Cengage Learning
Principles of Accounting Volume 2
Accounting
ISBN:
9781947172609
Author:
OpenStax
Publisher:
OpenStax College