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:
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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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