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 For November, using the data given, prepare a statement of 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 For November, using the data given, prepare a statement of Cost of Goods Manufactured.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
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
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
For November, using the data given, prepare a statement of Cost of Goods Manufactured.
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