5 BladeCraft Cost of Goods Manufactured For the month ended January 31, 2023 Work in Progress Inventory, beginning Raw Materials Used Direct labor Manufacturing Overhead Total cost of Work in Process Inventory 3,134
5 BladeCraft Cost of Goods Manufactured For the month ended January 31, 2023 Work in Progress Inventory, beginning Raw Materials Used Direct labor Manufacturing Overhead Total cost of Work in Process Inventory 3,134
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Accounting
Transcribed Image Text:26
27
28
9 Work in Progress Inventory, beginning
Raw Materials Used
0
1
Direct labor
2
Manufacturing Overhead
B
5
•
BladeCraft
Cost of Goods Manufactured
For the month ended January 31, 2023
Total cost of Work in Process Inventory
b. Prepare an income statement
Net sales
Cost of goods sold:
BladeCraft
Income Statement
For the month ended January 31, 2023
$
Operating Expenses (list alphabetically)
229,300
3,134
Transcribed Image Text:1 Question: Cost of Goods Manufactured & Income Statement
2 PLEASE DO NOT DELETE CELLS
3
4 BladeCraft has the following cost records for January 2023:
5
6 Inventory
7 Work In Process
B
Finished Goods
2
O Cost Item
Accounting Expenses
2 Depreciation, factory equipment
Direct labour
Factory manager's salary
Factory utilities
Indirect factory labour
Indirect materials
Insurance premiums for general liability
Legal Expenses (Branding, Patents, Etc)
Maintenance, factory equipment
Raw materials used
Shipping and handling costs
Travel and entertainment for executive clients
SS
$
$
Amount
$
$
$
$
$
$
$
$
SASSASSA
$
$
$
$
1-Jan-23 31-Jan-23
3,134 $ 2,815
7,620 S
5,426
$
9,300
1,656
31,324
4,062
926
4,399
1,003
1,929
9,800
1,722
26,759
3,998
14,871
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