Cost of Goods Manufactured for a Manufacturing CompanyThe following information is available for Ethtridge Manufacturing Company for the month ending July 31:Cost of direct materials used in production$1,150,000Direct labor966,000Work in process inventory, July 1316,400Work in process inventory, July 31355,500Total factory overhead490,500Determine Ethtridge's cost of goods manufactured for the month ended July 31.Ethtridge Manufacturing CompanyStatement of Cost of Goods ManufacturedFor the Month Ended July 31 $fill in the blank 2Add manufacturing costs incurred during July: $fill in the blank 4 fill in the blank 6 fill in the blank 8 Total manufacturing costs incurred fill in the blank 9Total manufacturing costs $fill in the blank 10 fill in the blank 12Cost of goods manufactured $fill in the blank 13

The cost of goods manufactured is the total production cost of the goods finished during the period.…

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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 9P: Glasson Manufacturing Co. produces only one product. You have obtained the following information...

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Cost of Goods Manufactured for a Manufacturing Company

The following information is available for Ethtridge Manufacturing Company for the month ending July 31:

Cost of direct materials used in production	$1,150,000
Direct labor	966,000
Work in process inventory, July 1	316,400
Work in process inventory, July 31	355,500
Total factory overhead	490,500

Determine Ethtridge's cost of goods manufactured for the month ended July 31.

Ethtridge Manufacturing Company
Statement of Cost of Goods Manufactured
For the Month Ended July 31
		$fill in the blank 2
Add manufacturing costs incurred during July:
	$fill in the blank 4
	fill in the blank 6
	fill in the blank 8
Total manufacturing costs incurred		fill in the blank 9
Total manufacturing costs		$fill in the blank 10
		fill in the blank 12
Cost of goods manufactured		$fill in the blank 13

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