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 $169,750 $149,380 Work in process 113,730 100,080 Finished goods 88,270 101,580 Direct labor $305,550 Materials purchased during January 325,920 Factory overhead incurred during January: Indirect labor 32,590 Machinery depreciation 19,690 Heat, light, and power 6,790 Supplies 5,430 Property taxes 4,750 Miscellaneous costs 8,830 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 ee6133f8a02d069_2 Direct materials: $fill in the blank ee6133f8a02d069_4 fill in the blank ee6133f8a02d069_6 $fill in the blank ee6133f8a02d069_8 fill in the blank ee6133f8a02d069_10 $fill in the blank ee6133f8a02d069_12 fill in the blank ee6133f8a02d069_14 Factory overhead: $fill in the blank ee6133f8a02d069_16 fill in the blank ee6133f8a02d069_18 fill in the blank ee6133f8a02d069_20 fill in the blank ee6133f8a02d069_22 fill in the blank ee6133f8a02d069_24 fill in the blank ee6133f8a02d069_26 Total factory overhead fill in the blank ee6133f8a02d069_27 Total manufacturing costs incurred during January fill in the blank ee6133f8a02d069_28 Total manufacturing costs $fill in the blank ee6133f8a02d069_29 fill in the blank ee6133f8a02d069_31 Cost of goods manufactured $fill in the blank ee6133f8a02d069_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 $169,750 $149,380 Work in process 113,730 100,080 Finished goods 88,270 101,580 Direct labor $305,550 Materials purchased during January 325,920 Factory overhead incurred during January: Indirect labor 32,590 Machinery depreciation 19,690 Heat, light, and power 6,790 Supplies 5,430 Property taxes 4,750 Miscellaneous costs 8,830 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 ee6133f8a02d069_2 Direct materials: $fill in the blank ee6133f8a02d069_4 fill in the blank ee6133f8a02d069_6 $fill in the blank ee6133f8a02d069_8 fill in the blank ee6133f8a02d069_10 $fill in the blank ee6133f8a02d069_12 fill in the blank ee6133f8a02d069_14 Factory overhead: $fill in the blank ee6133f8a02d069_16 fill in the blank ee6133f8a02d069_18 fill in the blank ee6133f8a02d069_20 fill in the blank ee6133f8a02d069_22 fill in the blank ee6133f8a02d069_24 fill in the blank ee6133f8a02d069_26 Total factory overhead fill in the blank ee6133f8a02d069_27 Total manufacturing costs incurred during January fill in the blank ee6133f8a02d069_28 Total manufacturing costs $fill in the blank ee6133f8a02d069_29 fill in the blank ee6133f8a02d069_31 Cost of goods manufactured $fill in the blank ee6133f8a02d069_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 | $169,750 | $149,380 | ||
Work in process | 113,730 | 100,080 | ||
Finished goods | 88,270 | 101,580 |
Direct labor | $305,550 | |
Materials purchased during January | 325,920 | |
Factory overhead incurred during January: | ||
Indirect labor | 32,590 | |
Machinery |
19,690 | |
Heat, light, and power | 6,790 | |
Supplies | 5,430 | |
Property taxes | 4,750 | |
Miscellaneous costs | 8,830 |
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 ee6133f8a02d069_2 | |||
Direct materials: | |||
$fill in the blank ee6133f8a02d069_4 | |||
fill in the blank ee6133f8a02d069_6 | |||
$fill in the blank ee6133f8a02d069_8 | |||
fill in the blank ee6133f8a02d069_10 | |||
$fill in the blank ee6133f8a02d069_12 | |||
fill in the blank ee6133f8a02d069_14 | |||
Factory overhead: | |||
$fill in the blank ee6133f8a02d069_16 | |||
fill in the blank ee6133f8a02d069_18 | |||
fill in the blank ee6133f8a02d069_20 | |||
fill in the blank ee6133f8a02d069_22 | |||
fill in the blank ee6133f8a02d069_24 | |||
fill in the blank ee6133f8a02d069_26 | |||
Total factory overhead | fill in the blank ee6133f8a02d069_27 | ||
Total |
fill in the blank ee6133f8a02d069_28 | ||
Total manufacturing costs | $fill in the blank ee6133f8a02d069_29 | ||
fill in the blank ee6133f8a02d069_31 | |||
Cost of goods manufactured | $fill in the blank ee6133f8a02d069_32 |
b. Determine the cost of goods sold for January.
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