tatement 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 $217,500 $184,880 Work in process 147,900 125,720 Finished goods 113,100 123,870 Direct labor $391,500 Materials purchased during March 417,600 Factory overhead incurred during March: Indirect labor 41,760 Machinery depreciation 25,230 Heat, light, and power 8,700 Supplies 6,960 Property taxes 6,090 Miscellaneous costs 11,310 Question Content Area a. Prepare a cost of goods manufactured statement for March. Johnstone Manufacturing CompanyStatement of Cost of Goods ManufacturedFor the Month Ended March 31 $- Select - Direct materials: $- Select - - Select - $- Select - - Select - $- Select - - Select - Factory overhead: $- Select - - Select - - Select - - Select - - Select - - Select - Total factory overhead fill in the blank 2db609002062fed_27 Total manufacturing costs incurred during March fill in the blank 2db609002062fed_28 Total manufacturing costs $fill in the blank 2db609002062fed_29 - Select - Cost of goods manufactured $fill in the blank 2db609002062fed_32 Question Content Area b. Determine the cost of goods sold for March.
tatement 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 $217,500 $184,880 Work in process 147,900 125,720 Finished goods 113,100 123,870 Direct labor $391,500 Materials purchased during March 417,600 Factory overhead incurred during March: Indirect labor 41,760 Machinery depreciation 25,230 Heat, light, and power 8,700 Supplies 6,960 Property taxes 6,090 Miscellaneous costs 11,310 Question Content Area a. Prepare a cost of goods manufactured statement for March. Johnstone Manufacturing CompanyStatement of Cost of Goods ManufacturedFor the Month Ended March 31 $- Select - Direct materials: $- Select - - Select - $- Select - - Select - $- Select - - Select - Factory overhead: $- Select - - Select - - Select - - Select - - Select - - Select - Total factory overhead fill in the blank 2db609002062fed_27 Total manufacturing costs incurred during March fill in the blank 2db609002062fed_28 Total manufacturing costs $fill in the blank 2db609002062fed_29 - Select - Cost of goods manufactured $fill in the blank 2db609002062fed_32 Question Content Area b. Determine the cost of goods sold for March.
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 Johnstone Manufacturing Company for the month ended March 31 are as follows:
| Inventories | March 1 | March 31 | ||
| Materials | $217,500 | $184,880 | ||
| Work in process | 147,900 | 125,720 | ||
| Finished goods | 113,100 | 123,870 |
| Direct labor | $391,500 | |
| Materials purchased during March | 417,600 | |
| Factory overhead incurred during March: | ||
| Indirect labor | 41,760 | |
| Machinery |
25,230 | |
| Heat, light, and power | 8,700 | |
| Supplies | 6,960 | |
| Property taxes | 6,090 | |
| Miscellaneous costs | 11,310 |
Question Content Area
a. Prepare a cost of goods manufactured statement for March.
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$- Select - | ||
| Direct materials: | |||
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$- Select - | ||
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- Select - | ||
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$- Select - | ||
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- Select - | ||
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$- Select - | ||
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- Select - | ||
| Factory overhead: | |||
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$- Select - | ||
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- Select - | ||
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- Select - | ||
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- Select - | ||
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- Select - | ||
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- Select - | ||
| Total factory overhead | fill in the blank 2db609002062fed_27 | ||
| Total |
fill in the blank 2db609002062fed_28 | ||
| Total manufacturing costs | $fill in the blank 2db609002062fed_29 | ||
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- Select - | ||
| Cost of goods manufactured | $fill in the blank 2db609002062fed_32 |
Question Content Area
b. Determine the cost of goods sold for March.
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