5 Statement of cost of goods manufactured for a manufacturing company 0 Cost data for Firetree Manufacturing Company for the month ended March 31 are as follows Inventories Materials Work in process Finished goods Direct labor Materials purchased during March I Factory overhead incurred during March Indirect labor Machinery depreciation Heat, light, and power March 1 5240,000 428,700 $82,100 Supplies Property taxes Miscellaneous costs a. Prepare a cost of goods manufactured statement for March b. Determine the cost of goods sold for March. March 31 $195.200 $10,400 614,400 $3,200.000 2,673,500 320,000 213,000 174,000 36,100 30,000 48.200
5 Statement of cost of goods manufactured for a manufacturing company 0 Cost data for Firetree Manufacturing Company for the month ended March 31 are as follows Inventories Materials Work in process Finished goods Direct labor Materials purchased during March I Factory overhead incurred during March Indirect labor Machinery depreciation Heat, light, and power March 1 5240,000 428,700 $82,100 Supplies Property taxes Miscellaneous costs a. Prepare a cost of goods manufactured statement for March b. Determine the cost of goods sold for March. March 31 $195.200 $10,400 614,400 $3,200.000 2,673,500 320,000 213,000 174,000 36,100 30,000 48.200
Chapter1: Financial Statements And Business Decisions
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C 5 Statement of cost of goods manufactured for a manufacturing company
Cost data for Firetree Manufacturing Company for the month ended March 31 are as follows
Inventories
Materials
Work in process
Finished goods
March 1
$240,000
428,700
$82,100
Direct labor
Materials purchased during March I
Factory overhead incurred during March
Indirect labor
Machinery depreciation
Heat, light, and power
Supplies
Property taxes
Miscellaneous costs
a. Prepare a cost of goods manufactured statement for March
b. Determine the cost of goods sold for March.
March 31
$195.200
$10,400
614,400
$3,200,000
2,673,500
320,000
213,000
174,000
36,100
30,000
48.200
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