Manhattan Company has the following information for November: Cost of direct materials used in production $230,700 Direct labor 267,000 Factory overhead 155,800 Work in process inventory, November 1 59,600 Work in process inventory, November 30 63,300 Finished goods inventory, November 1 42,600 Finished goods inventory, November 30 44,100 a For November, using the data given, prepare a statement of Cost of Goods Manufactured. Manhattan Company Statement of Cost of Goods Manufactured Tutal manufacturing costs incurred during November Total manufacturing costs Cost of goods manufactured b. For November, using the data given, prepare a statement of Cost of Goods Sold. Manhattan Company Statement of Cost of Goods Sold Cost of goods sold
Manhattan Company has the following information for November: Cost of direct materials used in production $230,700 Direct labor 267,000 Factory overhead 155,800 Work in process inventory, November 1 59,600 Work in process inventory, November 30 63,300 Finished goods inventory, November 1 42,600 Finished goods inventory, November 30 44,100 a For November, using the data given, prepare a statement of Cost of Goods Manufactured. Manhattan Company Statement of Cost of Goods Manufactured Tutal manufacturing costs incurred during November Total manufacturing costs Cost of goods manufactured b. For November, using the data given, prepare a statement of Cost of Goods Sold. Manhattan Company Statement of Cost of Goods Sold Cost of goods sold
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Cost of Goods Sold, Cost of Goods Manufactured
Manhattan Company has the following information for November:
Cost of direct materials used in production
$230,700
Direct labor
267,000
Factory overhead
155,800
Work in process inventory, November 1
59,600
Work in process inventory, November 30
63,300
Finished goods inventory, November 1
42,600
Finished goods inventory, November 30
44,100
a. For November, using the data given, prepare a statement of Cost of Goods Manufactured.
Manhattan Company
Statement of Cost of Goods Manufactured
Total manufacturing costs incurred during November
Total manufacturing costs
Cost of goods manufactured
b. For November, using the data given, prepare a statement of Cost of Goods Sold.
Manhattan Company
Statement of Cost of Goods Sold
Cost of goods sold
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