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

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

Name: Cost data for Disksan Manufacturing Company for the month ended Januar
Uploaded: 2024-03-20T06:32:49.000Z
Channel: Bartleby
Description: 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$145,500Inve

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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Primare Corporation has provided the following data concerning last month's manufacturing operations. Purchases of raw materials Indirect materials used in production $ 31,000 $ 4,570 Direct labor $ 59,000 Manufacturing overhead applied to work in process Underapplied overhead $ 88,200 $ 4,150 Inventories Beginning Raw materials $ 11,300 Ending $ 18,200 Work in process $ 54,200 $ 65,000 Finished goods $ 33,200 $ 42,900 Required: 1. Prepare a schedule of cost of goods manufactured for the month. 2. Prepare a schedule of cost of goods sold for the month. Assume the underapplied or overapplied overhead is closed to Cost of Goods Sold. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare a schedule of cost of goods manufactured for the month. Primare Corporation Schedule of Cost of Goods Manufactured Direct materials: Total raw materials available Raw materials used in production Direct materials used in production Total manufacturing costs added…
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Variable Costing Income Statement On April 30, the end of the first month of operations, Jopl Company prepared the following income statement, based on the absorption costing concept: Joplin Company Absorption Costing Income Statement For the Month Ended April 30 Sales (4,600 units) Cost of goods sold: Cost of goods manufactured (5,200 units) Inventory, April 30 (700 units) Total cost of goods sold Gross profit Selling and administrative expenses Operating income Joplin Company Variable Costing Income Statement For the Month Ended April 30 Variable cost of goods sold: If the fixed manufacturing costs were $29,484 and the fixed selling and administrative expenses were $12,590, prepare an income statement according to the variable costing concept. Round all final answers to whole dollars. 1:110 $109,200 (14,700) Fixed costs: $138,000 (94,500) $43,500 (25,700) $17,800
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Use the information given below to prepare the Income Statement for March 2022 according to theabsorption costing method.