Reference no: EM132315899

Question :

Statement of cost of goods manufactured for a manufacturing company -- Statement of Cost of Goods Manufactured Cost of Goods Sold E

I:

II Cost data lor Disksan Manufacturing Company for the month ended January 31 are as follows:

Inventories      January 1     January 31

Materials          $306,000      $277,800

Work in process  214,600        240,000

Finished goods 163,400 187,300 January 31

Direct labor $560,000

Materials purchased during January 604,000 Factory overhead incurred during January: Indirect labor 60,500

Machinery depreciation 34,000

Heat, light, and power 13,700

Supplies 8,440

Property taxes 8,000

Miscellaneous costs 16,300

Required:

A. Prepare a cost of goods manufactured statement for January. Flefer to the Labels and Amount Descriptions list provided for the exact wording of the answer choices for text entries. "Less" or "Plus" will automatically appear if it is required. Enter all amounts as positive numbers. Be sure to complete the statement heading.

B. Determine the cast of goods sold for January W B. Determine the cost of Ms sold for January.

E Direct materials: Cost of materials available for use Cost of direct materials used Factory overhead: Total factory overhead Total manufacturing costs incurred Total manufacturing costs Cost of goods manufactured.