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 $149,250 $129,850 Work in process 98,510 85,700 Finished goods 77,610 87,000 Direct labor $268,650 Materials purchased during January 286,560 Factory overhead incurred during January: Indirect labor 28,660 Machinery depreciation 17,310 Heat, light, and power 5,970 Supplies 4,780 Property taxes 4,180 Miscellaneous costs 7,760 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
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 $149,250 $129,850 Work in process 98,510 85,700 Finished goods 77,610 87,000 Direct labor $268,650 Materials purchased during January 286,560 Factory overhead incurred during January: Indirect labor 28,660 Machinery depreciation 17,310 Heat, light, and power 5,970 Supplies 4,780 Property taxes 4,180 Miscellaneous costs 7,760 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
Principles of Cost Accounting
17th Edition
ISBN:9781305087408
Author:Edward J. Vanderbeck, Maria R. Mitchell
Publisher:Edward J. Vanderbeck, Maria R. Mitchell
Chapter1: Introduction To Cost Accounting
Section: Chapter Questions
Problem 4P: Statement of cost of goods manufactured; income statement; balance sheet The adjusted trial balance...
Related questions
Question
Statement of Cost of Goods Manufactured for a
Cost data for Disksan Manufacturing Company for the month ended January 31 are as follows:
Inventories | January 1 | January 31 | ||
Materials | $149,250 | $129,850 | ||
Work in process | 98,510 | 85,700 | ||
Finished goods | 77,610 | 87,000 |
Direct labor | $268,650 | |
Materials purchased during January | 286,560 | |
Factory |
||
Indirect labor | 28,660 | |
Machinery |
17,310 | |
Heat, light, and power | 5,970 | |
Supplies | 4,780 | |
Property taxes | 4,180 | |
Miscellaneous costs | 7,760 |
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 |
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 2 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
Principles of Cost Accounting
Accounting
ISBN:
9781305087408
Author:
Edward J. Vanderbeck, Maria R. Mitchell
Publisher:
Cengage Learning
Managerial Accounting
Accounting
ISBN:
9781337912020
Author:
Carl Warren, Ph.d. Cma William B. Tayler
Publisher:
South-Western College Pub
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
Accounting
ISBN:
9781337912020
Author:
Carl Warren, Ph.d. Cma William B. Tayler
Publisher:
South-Western College Pub
College Accounting, Chapters 1-27
Accounting
ISBN:
9781337794756
Author:
HEINTZ, James A.
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
Principles of Accounting Volume 2
Accounting
ISBN:
9781947172609
Author:
OpenStax
Publisher:
OpenStax College
Cornerstones of Cost Management (Cornerstones Ser…
Accounting
ISBN:
9781305970663
Author:
Don R. Hansen, Maryanne M. Mowen
Publisher:
Cengage Learning