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

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter4: Job Order Costing
Section: Chapter Questions
Problem 13EA: Job 113 was completed at a cost of $5,000, and Job 85 was completed at a cost of $3,000 and sold on...
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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 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
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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