8 Introduction to Managerial Accounting $2,260,000 Direct labor 1,375,000 Materials purchased during January Factory overhead incurred during January: 115,000 Indirect labor 90,000 Machinery depreciation 55,000 Heat, light, and power 18,500 Supplies 10,000 Property taxes 33,100 Miscellaneous costs a. Prepare a cost of goods manufactured statement for January. b. Determine the cost of goods sold for January.
8 Introduction to Managerial Accounting $2,260,000 Direct labor 1,375,000 Materials purchased during January Factory overhead incurred during January: 115,000 Indirect labor 90,000 Machinery depreciation 55,000 Heat, light, and power 18,500 Supplies 10,000 Property taxes 33,100 Miscellaneous costs a. Prepare a cost of goods manufactured statement for January. b. Determine the cost of goods sold for January.
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Transcribed Image Text:8 Introduction to Managerial Accounting
$2,260,000
Direct labor
1,375,000
Materials purchased during January
Factory overhead incurred during January:
115,000
Indirect labor
90,000
Machinery depreciation
55,000
Heat, light, and power
18,500
Supplies
10,000
Property taxes
33,100
Miscellaneous costs
a. Prepare a cost of goods manufactured statement for January.
b. Determine the cost of goods sold for January.
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