Cost data for Disksan Manufacturing Company for the month ended January 31 are as follows: Inventories January 1 January 31 Materials $180,000   $145,500   Work in process 334,600   290,700   Finished goods 675,000   715,000   Direct labor $2,260,000 Materials purchased during January 1,375,000 Factory overhead incurred during January:     Indirect labor 115,000   Machinery depreciation 90,000   Heat, light, and power 55,000   Supplies 18,500   Property taxes 10,000   Miscellaneous costs 33,100 Question Content Area a.  Prepare a cost of goods manufactured statement for January.       $- Select - Direct materials:         $- Select -       - Select -       $- Select -       - Select -         $- Select -       - Select -   Factory overhead:         $- Select -       - Select -       - Select -       - Select -       - Select -       - Select -     Total factory overhead   fill in the blank 14ddaf02bfd7025_27   Total manufacturing costs incurred during January     fill in the blank 14ddaf02bfd7025_28 Total manufacturing costs     $fill in the blank 14ddaf02bfd7025_29       - Select - Cost of goods manufactured     $fill in the blank 14ddaf02bfd7025_32   Question Content Area b.  Determine the cost of goods sold for January. $fill in the blank 1bb14cf73022fe9_1

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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  1. Cost data for Disksan Manufacturing Company for the month ended January 31 are as follows:

    Inventories January 1 January 31
    Materials $180,000   $145,500  
    Work in process 334,600   290,700  
    Finished goods 675,000   715,000  

    Direct labor $2,260,000
    Materials purchased during January 1,375,000
    Factory overhead incurred during January:  
      Indirect labor 115,000
      Machinery depreciation 90,000
      Heat, light, and power 55,000
      Supplies 18,500
      Property taxes 10,000
      Miscellaneous costs 33,100

    Question Content Area

    a.  Prepare a cost of goods manufactured statement for January.

     
        $- Select -
    Direct materials:      
     
    $- Select -    
     
    - Select -    
     
    $- Select -    
     
    - Select -    
     
      $- Select -  
     
      - Select -  
    Factory overhead:      
     
    $- Select -    
     
    - Select -    
     
    - Select -    
     
    - Select -    
     
    - Select -    
     
    - Select -    
    Total factory overhead   fill in the blank 14ddaf02bfd7025_27  
    Total manufacturing costs incurred during January     fill in the blank 14ddaf02bfd7025_28
    Total manufacturing costs     $fill in the blank 14ddaf02bfd7025_29
     
        - Select -
    Cost of goods manufactured     $fill in the blank 14ddaf02bfd7025_32
     

    Question Content Area

    b.  Determine the cost of goods sold for January.
    $fill in the blank 1bb14cf73022fe9_1

     
     
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