Reference no: EM131212322
Cost data for T. Clark Manufacturing Company for the month ending April 30, 2008, are as follows:
Inventories April 1 April 30
Materials $125,000 $110,000
Work in Progress $85,000 $95,000
Finished Goods $65,000 $75,000
Direct Labor-----------------------------------------$225,000
Materials Purchased during April-----------$240,000
Factory Overhead incurred during April:
Indirect Labor-------------------------------------$24,000
Machinery Depreciation-----------------------$14,000
Heat, Light, and Power------------------------$5,000
Supplies--------------------------------------------$4,000
Property Taxes----------------------------------$3,500
Miscellaneous cost----------------------------$6,500
a. Prepare a cost of goods manufactured statement for April 2008.
b. Determine the cost of goods sold for April 2008.
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