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Cost data for Disksan Manufacturing Company for the month ended January 31 are as follows: Inventories Materials January 1 January 31 $228.000 $202.920 Work in process 152.760 135,960 Finished goods 116.280 135,960 Direct labor $410,400 Materials purchased during January 437,760 Factory overhead incurred during January: Indirect labor 43,780 Machinery depreciation 26,450 Heat, light, and power 9,120 Supplies 7,300 Property taxes 6.380 Miscellaneous costs 11.860 a. Prepare a cost of goods manufactured statement for January. Disksan Manufacturing Company Statement of Cost of Goods Manufactured For the Month Ended January 31 Direct materials:

Cost data for Disksan Manufacturing Company for the month ended January 31 are as follows: Inventories Materials January 1 January 31 $228.000 $202.920 Work in process 152.760 135,960 Finished goods 116.280 135,960 Direct labor $410,400 Materials purchased during January 437,760 Factory overhead incurred during January: Indirect labor 43,780 Machinery depreciation 26,450 Heat, light, and power 9,120 Supplies 7,300 Property taxes 6.380 Miscellaneous costs 11.860 a. Prepare a cost of goods manufactured statement for January. Disksan Manufacturing Company Statement of Cost of Goods Manufactured For the Month Ended January 31 Direct materials:

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Cost data for Disksan Manufacturing Company for the month ended January 31 are as follows: Inventories January 1 January 31 Materials $228,000 $202,920 Work in process 152,760 135,960 Finished goods 116,280 135,960 Direct labor $410,400 Materials purchased during January 437,760 Factory overhead incurred during January: Indirect labor 43,780 Machinery depreciation 26,450 Heat, light, and power 9,120 Supplies 7,300 Property taxes 6,380 Miscellaneous costs 11,860 a. Prepare a cost of goods manufactured statement for January. Disksan Manufacturing Company Statement of Cost of Goods Manufactured For the Month Ended January 31 Direct materials: Factory overhead: Total factory overhead Total manufacturing costs incurred during January Total manufacturing costs Cost of goods manufactured b. Determine the cost of goods sold for January.
Transcribed Image Text:Cost data for Disksan Manufacturing Company for the month ended January 31 are as follows: Inventories January 1 January 31 Materials $228,000 $202,920 Work in process 152,760 135,960 Finished goods 116,280 135,960 Direct labor $410,400 Materials purchased during January 437,760 Factory overhead incurred during January: Indirect labor 43,780 Machinery depreciation 26,450 Heat, light, and power 9,120 Supplies 7,300 Property taxes 6,380 Miscellaneous costs 11,860 a. Prepare a cost of goods manufactured statement for January. Disksan Manufacturing Company Statement of Cost of Goods Manufactured For the Month Ended January 31 Direct materials: Factory overhead: Total factory overhead Total manufacturing costs incurred during January Total manufacturing costs Cost of goods manufactured b. Determine the cost of goods sold for January.
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