The following information is available for Ethtridge Manufacturing Company for the month ending July 31: Cost of direct materials used in production $1,150,000 Direct labor 966,000 Work in process inventory, July 1 316,400 Work in process inventory, July 31 355,500 Total factory overhead 490,500 Determine Ethtridge's cost of goods manufactured for the month ended July 31. Ethtridge Manufacturing Company Statement of Cost of Goods Manufactured For the Month Ended July 31 $fill in the blank 2 Add manufacturing costs incurred during July: $fill in the blank 4 fill in the blank 6 fill in the blank 8 Total manufacturing costs incurred fill in the blank 9 Total manufacturing costs $fill in the blank 10 fill in the blank 12 Cost of goods manufactured $fill in the blank 13
The following information is available for Ethtridge Manufacturing Company for the month ending July 31: Cost of direct materials used in production $1,150,000 Direct labor 966,000 Work in process inventory, July 1 316,400 Work in process inventory, July 31 355,500 Total factory overhead 490,500 Determine Ethtridge's cost of goods manufactured for the month ended July 31. Ethtridge Manufacturing Company Statement of Cost of Goods Manufactured For the Month Ended July 31 $fill in the blank 2 Add manufacturing costs incurred during July: $fill in the blank 4 fill in the blank 6 fill in the blank 8 Total manufacturing costs incurred fill in the blank 9 Total manufacturing costs $fill in the blank 10 fill in the blank 12 Cost of goods manufactured $fill in the blank 13
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Cost of Goods Manufactured for a Manufacturing Company
The following information is available for Ethtridge Manufacturing Company for the month ending July 31:
| Cost of direct materials used in production | $1,150,000 |
| Direct labor | 966,000 |
| Work in process inventory, July 1 | 316,400 |
| Work in process inventory, July 31 | 355,500 |
| Total factory |
490,500 |
Determine Ethtridge's cost of goods manufactured for the month ended July 31.
| Ethtridge Manufacturing Company | ||
| Statement of Cost of Goods Manufactured | ||
| For the Month Ended July 31 | ||
| $fill in the blank 2 | ||
| Add |
||
| $fill in the blank 4 | ||
| fill in the blank 6 | ||
| fill in the blank 8 | ||
| Total manufacturing costs incurred | fill in the blank 9 | |
| Total manufacturing costs | $fill in the blank 10 | |
| fill in the blank 12 | ||
| Cost of goods manufactured | $fill in the blank 13 |
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