Cost data for Johnstone Manufacturing Company for th month ended March 31 are as follows: Inventories Materials Work in process Finished goods March 1 $199,500 131,670 101,750 Direct labor Materials purchased during March Factory overhead incurred during March: Indirect labor Machinery depreciation Heat, light, and power Supplies Property taxes Miscellaneous costs Direct materials: March 31 Factory overhead: $173,570 114,560 118,030 a. Prepare a cost of goods manufactured statement f March. $359,100 383,040 Johnstone Manufacturing Company Statement of Cost of Goods Manufactured For the Month Ended March 31 Cost of goods manufactured 38,300 23,140 7,980 6,380 5,590 10,370 Total factory overhead Total manufacturing costs incurred during March Total manufacturing costs b. Determine the cost of goods sold for March. $

Cost data for Johnstone Manufacturing Company for th month ended March 31 are as follows: Inventories Materials Work in process Finished goods March 1 $199,500 131,670 101,750 Direct labor Materials purchased during March Factory overhead incurred during March: Indirect labor Machinery depreciation Heat, light, and power Supplies Property taxes Miscellaneous costs Direct materials: March 31 Factory overhead: $173,570 114,560 118,030 a. Prepare a cost of goods manufactured statement f March. $359,100 383,040 Johnstone Manufacturing Company Statement of Cost of Goods Manufactured For the Month Ended March 31 Cost of goods manufactured 38,300 23,140 7,980 6,380 5,590 10,370 Total factory overhead Total manufacturing costs incurred during March Total manufacturing costs b. Determine the cost of goods sold for March. $

Name: Cost data for Johnstone Manufacturing Company for thmonth ended March
Uploaded: 2024-03-20T06:32:49.000Z
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Description: Cost data for Johnstone Manufacturing Company for thmonth ended March 31 are as follows:InventoriesMaterialsWork in processFinished goodsMarch 1$199,500131,670101,750Direct laborMaterials purchased during MarchFactory overhead incurred during March:

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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Zoe Corporation has the following information for the month of March: Cost of direct materials used in production Direct labor Factory overhead Work in process inventory, March 1 Work in process inventory, March 31 Finished goods inventory, March 1 Finished goods inventory, March 31 a. Determine the cost of goods manufactured. $ b. Determine the cost of goods sold. $17,517 24,466 32,234 15,678 18,439 24,791 22,979
Determine and Use Overhead Rate The following selected ledger accounts of Cameron Company are for February (the second month of its accounting year): Materials Inventory Feb. 1 balance 113,400 February credits 406,800 February debits 374,400 Manufacturing Overhead February debits 493,920 Feb. 1 balance 41,760 February credits 490,860 Work in Process Inventory Feb. 1 balance 80,640 February credits 1,242,000 February debits: Direct material 342,000 Direct Labor 545,400 Man. overhead 490,860 Wages Payable February debits 696,600 Feb. 1 balance 162,000 February credits Finished Goods Inventory 637,200 Feb. 1 balance 275,400 February credits 1,381,320 February debits 1,242,000 a. Determine the amount of indirect material requisitioned for production during February. b. How much indirect labor cost was apparently incurred during February? c. Calculate the manufacturing overhead rate based on direct labor cost. %24
Statement of cost of goods manufactured for a manufacturing companyCost data for Disksan Manufacturing Company for the month endedJanuary 31 are as attached: a. Prepare a cost of goods manufactured statement for January.b. Determine the cost of goods sold for January.
The following information pertains to Flaxman Manufacturing Company for April. Assume actual overhead equaled applied overhead. April 1 Inventory balances Raw materials Work in process Finished goods April 30 Inventory balances $123,500 118,600 76,400 $ 85,900 146,900 81,000 Raw materials Work in process Finished goods During April Costs of raw materials purchased Costs of direct labor $118,700 101,000 62,300 360,000 Costs of manufacturing overhead Sales revenues Required a. Prepare a schedule of cost of goods manufactured and sold. b. Calculate the amount of gross margin on the income statement.
Statement of Cost of Goods Manufactured for a Manufacturing Company Cost data for Johnstone Manufacturing Company for the month ended March 31 are as f Inventories March 1 March 31 Materials Work in process Finished goods $193,500 129,650 98,690 $166,410 111,490 113,160 Direct labor Materials purchased during March Factory overhead incurred during March: Indirect labor Machinery depreciation Heat, light, and power Supplies Property taxes Miscellaneous costs Direct materials: $348,300 371,520 37,150 22,450 7,740 6,190 5,420 10,060 a. Prepare a cost of goods manufactured statement for March. Johnstone Manufacturing Company Statement of Cost of Goods Manufactured For the Month Ended March 31
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 March 31 Materials Work in process Finished goods March 1 $215,250 142,070 109,780 $185,120 122,180 124,030 Direct labor Materials purchased during March Factory overhead incurred during March: Indirect labor Machinery depreciation Heat, light, and power Supplies Property taxes Miscellaneous costs Costs Type $387,450 413,280 41,330 24,970 8,610 6,890 6,030 11,190 a. Prepare a cost of goods manufactured statement for March. Firetree Manufacturing Company Statement of Cost of Goods Manufactured For the Month Ended March 31 Amount Amount Amount
Timbuk 3 Company has the following information for March: Cost of direct materials used in production $63,000 Direct labor 76,000 Factory overhead 21,000 Work in process inventory, March 1 56,000 Work in process inventory, March 31 49,680 Finished goods inventory, March 1 22,000 Finished goods inventory, March 31 16,000 a. For March, determine the cost of goods manufactured. Using the data given, prepare a statement of Cost of Goods Manufactured. Timbuk 3 Company Statement of Cost of Goods Manufactured $fill in the blank e11e4706704bfd4_2 $fill in the blank e11e4706704bfd4_4 fill in the blank e11e4706704bfd4_6 fill in the blank e11e4706704bfd4_8 Total manufacturing costs incurred during March fill in the blank e11e4706704bfd4_9 Total manufacturing costs $fill in the blank e11e4706704bfd4_10 fill in the blank e11e4706704bfd4_12 Cost of goods manufactured $fill in the blank e11e4706704bfd4_13…
Zoe Corporation has the following information for the month of March: Cost of direct materials used in production $17,792 Direct labor 28,982 Factory overhead 39,947 Work in process inventory, March. 1 17,999 Work in process inventory, March 31 18,186 Finished goods inventory, March 1 20,960 Finished goods inventory, March 31 24,711 a. Determine the cost of goods manufactured. b. Determine the cost of goods sold.
Cost of Direct Materials Used in Production for a Manufacturing Company Sepulveda Manufacturing Company reported the following materials data for the month ending November 30: Materials purchased $572,400 Materials inventory, November 1 75,700 Materials inventory, November 30 94,800 Determine the cost of direct materials used in production by Sepulveda during the month ended November 30.$fill in the blank 1
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