Statement of Cost of Goods Manufactured for a Manufacturing Company Cost data for Disksan Manufacturing Company for the month ended January 31 are as follows: Inventories January 1 January 31 Materials $197,750 $170,070 Work in process 136,450 117,350 Finished goods 100,850 115,650 Direct labor $355,950 Materials purchased during January 379,680 Factory overhead incurred during January: Indirect labor 37,970 Machinery depreciation 22,940 Heat, light, and power 7,910 Supplies 6,330 Property taxes 5,540 Miscellaneous costs 10,280 a. Prepare a cost of goods manufactured statement for January. Disksan Manufacturing Company Statement of Cost of Goods Manufactured For the Month Ended January 31 $fill in the blank d1a3d806300b034_2 Direct materials: $fill in the blank d1a3d806300b034_4 fill in the blank d1a3d806300b034_6 $fill in the blank d1a3d806300b034_8 fill in the blank d1a3d806300b034_10 $fill in the blank d1a3d806300b034_12 fill in the blank d1a3d806300b034_14 Factory overhead: $fill in the blank d1a3d806300b034_16 fill in the blank d1a3d806300b034_18 fill in the blank d1a3d806300b034_20 fill in the blank d1a3d806300b034_22 fill in the blank d1a3d806300b034_24 fill in the blank d1a3d806300b034_26 Total factory overhead fill in the blank d1a3d806300b034_27 Total manufacturing costs incurred during January fill in the blank d1a3d806300b034_28 Total manufacturing costs $fill in the blank d1a3d806300b034_29 fill in the blank d1a3d806300b034_31 Cost of goods manufactured $fill in the blank d1a3d806300b034_32 b. Determine the cost of goods sold for January.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

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Statement of Cost of Goods Manufactured for a Manufacturing Company

Cost data for Disksan Manufacturing Company for the month ended January 31 are as follows:

Inventories	January 1	January 31
Materials	$197,750		$170,070
Work in process	136,450		117,350
Finished goods	100,850		115,650

Direct labor	$355,950
Materials purchased during January	379,680
Factory overhead incurred during January:
	Indirect labor	37,970
	Machinery depreciation	22,940
	Heat, light, and power	7,910
	Supplies	6,330
	Property taxes	5,540
	Miscellaneous costs	10,280

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

Disksan Manufacturing Company
Statement of Cost of Goods Manufactured
For the Month Ended January 31
			$fill in the blank d1a3d806300b034_2
Direct materials:
	$fill in the blank d1a3d806300b034_4
	fill in the blank d1a3d806300b034_6
	$fill in the blank d1a3d806300b034_8
	fill in the blank d1a3d806300b034_10
		$fill in the blank d1a3d806300b034_12
		fill in the blank d1a3d806300b034_14
Factory overhead:
	$fill in the blank d1a3d806300b034_16
	fill in the blank d1a3d806300b034_18
	fill in the blank d1a3d806300b034_20
	fill in the blank d1a3d806300b034_22
	fill in the blank d1a3d806300b034_24
	fill in the blank d1a3d806300b034_26
Total factory overhead		fill in the blank d1a3d806300b034_27
Total manufacturing costs incurred during January			fill in the blank d1a3d806300b034_28
Total manufacturing costs			$fill in the blank d1a3d806300b034_29
			fill in the blank d1a3d806300b034_31
Cost of goods manufactured			$fill in the blank d1a3d806300b034_32

b. Determine the cost of goods sold for January.

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