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 $169,750 $149,380 Work in process 113,730 100,080 Finished goods 88,270 101,580 Direct labor $305,550 Materials purchased during January 325,920 Factory overhead incurred during January: Indirect labor 32,590 Machinery depreciation 19,690 Heat, light, and power 6,790 Supplies 5,430 Property taxes 4,750 Miscellaneous costs 8,830 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 ee6133f8a02d069_2 Direct materials: $fill in the blank ee6133f8a02d069_4 fill in the blank ee6133f8a02d069_6 $fill in the blank ee6133f8a02d069_8 fill in the blank ee6133f8a02d069_10 $fill in the blank ee6133f8a02d069_12 fill in the blank ee6133f8a02d069_14 Factory overhead: $fill in the blank ee6133f8a02d069_16 fill in the blank ee6133f8a02d069_18 fill in the blank ee6133f8a02d069_20 fill in the blank ee6133f8a02d069_22 fill in the blank ee6133f8a02d069_24 fill in the blank ee6133f8a02d069_26 Total factory overhead fill in the blank ee6133f8a02d069_27 Total manufacturing costs incurred during January fill in the blank ee6133f8a02d069_28 Total manufacturing costs $fill in the blank ee6133f8a02d069_29 fill in the blank ee6133f8a02d069_31 Cost of goods manufactured $fill in the blank ee6133f8a02d069_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

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	$169,750		$149,380
Work in process	113,730		100,080
Finished goods	88,270		101,580

Direct labor	$305,550
Materials purchased during January	325,920
Factory overhead incurred during January:
	Indirect labor	32,590
	Machinery depreciation	19,690
	Heat, light, and power	6,790
	Supplies	5,430
	Property taxes	4,750
	Miscellaneous costs	8,830

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 ee6133f8a02d069_2
Direct materials:
	$fill in the blank ee6133f8a02d069_4
	fill in the blank ee6133f8a02d069_6
	$fill in the blank ee6133f8a02d069_8
	fill in the blank ee6133f8a02d069_10
		$fill in the blank ee6133f8a02d069_12
		fill in the blank ee6133f8a02d069_14
Factory overhead:
	$fill in the blank ee6133f8a02d069_16
	fill in the blank ee6133f8a02d069_18
	fill in the blank ee6133f8a02d069_20
	fill in the blank ee6133f8a02d069_22
	fill in the blank ee6133f8a02d069_24
	fill in the blank ee6133f8a02d069_26
Total factory overhead		fill in the blank ee6133f8a02d069_27
Total manufacturing costs incurred during January			fill in the blank ee6133f8a02d069_28
Total manufacturing costs			$fill in the blank ee6133f8a02d069_29
			fill in the blank ee6133f8a02d069_31
Cost of goods manufactured			$fill in the blank ee6133f8a02d069_32

b. Determine the cost of goods sold for January.

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