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 Factory overhead 1,375,000 incurred during January: Indirect labor 115,000 Machinery depreciation 90,000 Heat, light, and power 55,000 Supplies 13,500 Property taxes 10,000 Miscellaneous costs 33,100
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 Factory overhead 1,375,000 incurred during January: Indirect labor 115,000 Machinery depreciation 90,000 Heat, light, and power 55,000 Supplies 13,500 Property taxes 10,000 Miscellaneous costs 33,100
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter4: Job-order Costing And Overhead Application
Section: Chapter Questions
Problem 63P: (Appendix 4A) Journal Entries, T-Accounts Lowder Inc. builds custom conveyor systems for warehouses...
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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 attached:
a. Prepare a cost of goods manufactured statement for January.
b. Determine the cost of goods sold for January.
![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 Factory overhead
1,375,000
incurred during January:
Indirect labor
115,000
Machinery depreciation
90,000
Heat, light, and power
55,000
Supplies
13,500
Property taxes
10,000
Miscellaneous costs
33,100](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F50ce6ba2-9da1-4434-b874-288ee5b9a611%2Fb6e701b5-1456-4fd8-b672-f03a10e08152%2Fw5u2ymu_processed.png&w=3840&q=75)
Transcribed Image Text: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 Factory overhead
1,375,000
incurred during January:
Indirect labor
115,000
Machinery depreciation
90,000
Heat, light, and power
55,000
Supplies
13,500
Property taxes
10,000
Miscellaneous costs
33,100
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