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 $180,000 $145,500 Work in process 334,600 290,700 Finished goods 675,000 715,000 Direct labor $2,260,000 Materials purchased during January 1,375,000 Factory overhead incurred during January: Indirect labor 115,000 Machinery depreciation 90,000 Heat, light, and power 55,000 Supplies 18,500 Property taxes 10,000 Miscellaneous costs 33,100 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 a452f8f7cfc0072_2 Direct materials: $fill in the blank a452f8f7cfc0072_4 fill in the blank a452f8f7cfc0072_6 $fill in the blank a452f8f7cfc0072_8 fill in the blank a452f8f7cfc0072_10 $fill in the blank a452f8f7cfc0072_12 fill in the blank a452f8f7cfc0072_14 Factory overhead: $fill in the blank a452f8f7cfc0072_16 fill in the blank a452f8f7cfc0072_18 fill in the blank a452f8f7cfc0072_20 fill in the blank a452f8f7cfc0072_22 fill in the blank a452f8f7cfc0072_24 fill in the blank a452f8f7cfc0072_26 Total factory overhead fill in the blank a452f8f7cfc0072_27 Total manufacturing costs incurred during January fill in the blank a452f8f7cfc0072_28 Total manufacturing costs $fill in the blank a452f8f7cfc0072_29 fill in the blank a452f8f7cfc0072_31 Cost of goods manufactured $fill in the blank a452f8f7cfc0072_32 b. Determine the cost of goods sold for January. $fill in the blank 04ce7200cf9ffdf_1

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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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	$180,000		$145,500
Work in process	334,600		290,700
Finished goods	675,000		715,000

Direct labor	$2,260,000
Materials purchased during January	1,375,000
Factory overhead incurred during January:
	Indirect labor	115,000
	Machinery depreciation	90,000
	Heat, light, and power	55,000
	Supplies	18,500
	Property taxes	10,000
	Miscellaneous costs	33,100

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 a452f8f7cfc0072_2
Direct materials:
	$fill in the blank a452f8f7cfc0072_4
	fill in the blank a452f8f7cfc0072_6
	$fill in the blank a452f8f7cfc0072_8
	fill in the blank a452f8f7cfc0072_10
		$fill in the blank a452f8f7cfc0072_12
		fill in the blank a452f8f7cfc0072_14
Factory overhead:
	$fill in the blank a452f8f7cfc0072_16
	fill in the blank a452f8f7cfc0072_18
	fill in the blank a452f8f7cfc0072_20
	fill in the blank a452f8f7cfc0072_22
	fill in the blank a452f8f7cfc0072_24
	fill in the blank a452f8f7cfc0072_26
Total factory overhead		fill in the blank a452f8f7cfc0072_27
Total manufacturing costs incurred during January			fill in the blank a452f8f7cfc0072_28
Total manufacturing costs			$fill in the blank a452f8f7cfc0072_29
			fill in the blank a452f8f7cfc0072_31
Cost of goods manufactured			$fill in the blank a452f8f7cfc0072_32

b. Determine the cost of goods sold for January.
$fill in the blank 04ce7200cf9ffdf_1

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