January 31 $145,500 Inventories January 1 Materials $180,000 Work in process Finished goods 334,600 290,700 675,000 715,000 Direct labor $2,260,000 Materials purchased during January Factory overhead incurred during January: 1,375,000 Indirect labor 115,000 Machinery depreciation Heat, light, and power Supplies 90,000 55,000 18,500 Property taxes 10,000 Miscellaneous costs 33,100

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

Please see the attachments:

a. Prepare a cost of goods manufactured statement for January.
b. Determine the cost of goods sold for January.

 

January 31
$145,500
Inventories
January 1
Materials
$180,000
Work in process
Finished goods
334,600
290,700
675,000
715,000
Transcribed Image Text:January 31 $145,500 Inventories January 1 Materials $180,000 Work in process Finished goods 334,600 290,700 675,000 715,000
Direct labor
$2,260,000
Materials purchased during January
Factory overhead incurred during January:
1,375,000
Indirect labor
115,000
Machinery depreciation
Heat, light, and power
Supplies
90,000
55,000
18,500
Property taxes
10,000
Miscellaneous costs
33,100
Transcribed Image Text:Direct labor $2,260,000 Materials purchased during January Factory overhead incurred during January: 1,375,000 Indirect labor 115,000 Machinery depreciation Heat, light, and power Supplies 90,000 55,000 18,500 Property taxes 10,000 Miscellaneous costs 33,100
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