Solution-Make a cost of goods manufactured statement for

Make a cost of goods manufactured statement for March

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Reference no: EM132758161

Problem - 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	$210,000	$193,100
Work in process	435,900	510,400
Finished goods	586,200	615,900

Direct labor		$3,500,000
Materials purchased during January		2,666,200
Factory overhead incurred during January:
Indirect labor		320,000
Machinery depreciation		210,000
Heat, light, and power		175,000
Supplies		34,900
Property taxes		30,000
Miscellaneous costs		45,700

Required -

a. Make a cost of goods manufactured statement for March.

b. Determine the cost of goods sold for March.

Reference no: EM132758161

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Make a cost of goods manufactured statement for March

Reference no: EM132758161

Reference no: EM132758161

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