Answer (a):
Answer (b):
Cost of goods sold for January:
Working:
Cost of goods sold for January = Cost of goods manufactured + Finished goods inventory January 1 - Finished goods inventory January 31
= 1003140 + 116280 - 132900
= $986,520
Statement of Cost of Goods Manufactured for a Manufacturing Company Cost data for Disksan Manufacturing Company...
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 $227,250 156,800 115,900 $195,440 134,850 Work in process Finished goods 132,900 $409,050 436,320 Direct labor Materials purchased during January Factory overhead incurred during January: Indirect labor 43,630 26,360 Machinery depreciation Heat, light, and power 9,090 Supplies 7,270 Property taxes 6,360 Miscellaneous costs 11,820 a. Prepare a cost of goods...
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