Solution-Prepare a cost of goods manufactured statement for

Prepare a cost of goods manufactured statement for May

Reference no: EM132684411

Problem - Statement of cost of goods manufactured for a manufacturing company

Cost data for Bedford Manufacturing Company for the month ending May 31, 2012, are as follows:

Inventories	May 1	May 31
Materials	$168,000	$139,000
Work in process	240,000	260,000
Finished goods	182,000	214,200

Direct labor	$475,000
Materials purchased during May 30	2,000
Factory overhead incurred during May:
Indirect labor	57,200
Machinery depreciation	36,000
Heat, light, and power	13,000
Supplies	10,000
Property taxes	9,800
Miscellaneous cost	18,200

Required -

a. Prepare a cost of goods manufactured statement for May 2012.

b. Determine the cost of goods sold for May 2012.

Reference no: EM132684411

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Prepare a cost of goods manufactured statement for May

Reference no: EM132684411

Reference no: EM132684411

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