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 $149,250 $129,850 Work in process 98,510 85,700 Finished goods 77,610 87,000 Direct labor $268,650 Materials purchased during January 286,560 Factory overhead incurred during January: Indirect labor 28,660 Machinery depreciation 17,310 Heat, light, and power 5,970 Supplies 4,780 Property taxes 4,180 Miscellaneous costs 7,760 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
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 $149,250 $129,850 Work in process 98,510 85,700 Finished goods 77,610 87,000 Direct labor $268,650 Materials purchased during January 286,560 Factory overhead incurred during January: Indirect labor 28,660 Machinery depreciation 17,310 Heat, light, and power 5,970 Supplies 4,780 Property taxes 4,180 Miscellaneous costs 7,760 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
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Statement of Cost of Goods Manufactured for a
Cost data for Disksan Manufacturing Company for the month ended January 31 are as follows:
| Inventories | January 1 | January 31 | ||
| Materials | $149,250 | $129,850 | ||
| Work in process | 98,510 | 85,700 | ||
| Finished goods | 77,610 | 87,000 |
| Direct labor | $268,650 | |
| Materials purchased during January | 286,560 | |
| Factory |
||
| Indirect labor | 28,660 | |
| Machinery |
17,310 | |
| Heat, light, and power | 5,970 | |
| Supplies | 4,780 | |
| Property taxes | 4,180 | |
| Miscellaneous costs | 7,760 |
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 |
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