Homework Answers
| Johnstone Manufacturing Company | |
| Schedule of Cost of Goods Manufactured | |
| For the month of march | |
| Particulars | Amount |
| Direct Materials | |
| Beginning Raw Materials Inventory | $1,93,250.00 |
| Add: Purchase of Raw Materials | $3,71,040.00 |
| Less: Closing Raw Materials | $1,68,130.00 |
| $3,96,160.00 | |
| Direct Labor | $3,47,850.00 |
| Manufacturing Overheads | $88,890.00 |
| Total Manufacturing Cost | $8,32,900.00 |
| Add:Opening WIP Invetory | $1,27,550.00 |
| Less:Closing WIP Invetory | $1,10,970.00 |
| Cost of Goods Manufacturing | $8,49,480.00 |
| Add: Opening Finished Goods | $1,00,490.00 |
| Less: Closing Finished Goods | $1,12,650.00 |
| Cost of Goods Sold | $8,37,320.00 |
| Note: | |
| Manufacturing Overheads | |
| Indirect Labor | $37,100.00 |
| Machinery Depreciation | $22,420.00 |
| Heal Light and Power | $7,730.00 |
| Supplies | $6,180.00 |
| property Taxes | $5,410.00 |
| Miscellaneous cost | $10,050.00 |
| $88,890.00 | |
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Calculator Statement of Cost of Goods Manufactured for a Manufacturing Company Cost data for Johnstone Manufacturing...
Statement of Cost of Goods Manufactured for a Manufacturing Company Cost data for Johnstone Manufacturing Company...
Statement of Cost of Goods Manufactured for a Manufacturing Company Cost data for Johnstone Manufacturing Company for the month ended March 31 are as follows: Inventories March 1 March 31 Materials $165,150 $183,500 122,950 110,650 Work in process Finished goods 93,590 110,650 $330,300 352,320 35,230 Direct labor Materials purchased during March Factory overhead incurred during March: Indirect labor Machinery depreciation Heat, light, and power Supplies Property taxes Miscellaneous costs 21,290 7,340 5,870 5,140 9,540 a. Prepare a cost of goods...
Statement of Cost of Goods Manufactured for a Manufacturing Company Cost data for Johnstone Manufacturing Company...
Statement of Cost of Goods Manufactured for a Manufacturing Company Cost data for Johnstone Manufacturing Company for the month ended March 31 are as follows: Inventories March 1 March 31 Materials $212,000 $182,320 Work in process 1 44,160 123,980 Finished goods 110,240 122,150 S. Direct labor Materials purchased during March Factory overhead incurred during March: $381,600 407,040 Indirect labor Machinery depreciation Heat, light, and power Supplies Property taxes Miscellaneous costs a. Prepare a cost of goods manufactured statement for March....
Statement of Cost of Goods Manufactured for a Manufacturing Company Cost data for Johnstone Manufacturing Company...
Statement of Cost of Goods Manufactured for a Manufacturing Company Cost data for Johnstone Manufacturing Company for the month ended March 31 are as follows: Inventories March 1 March 31 Materials $142,000 $123,540 95,140 82,770 Work in process Finished goods 72,420 82,770 Direct labor $255,600 272,640 Materials purchased during March Factory overhead incurded during March: Indirect labor 27,260 16,470 Machinery depreciation Heat, light, and power 5,680 4,540 Supplies Property taxes 3,980 7,380 Miscellaneous costs a. Prepare a cost of goods...
Statement of cost of goods manufactured for a manufacturing company Cost data for Johnstone Manufacturing Company...
Statement of cost of goods manufactured for a manufacturing company Cost data for Johnstone Manufacturing Company for the month ended March 31 are as follows: Inventories March 1 Materials $217,200 Work in process 450,840 Finished goods 606,300 March 31 $199,720 527,900 637,020 Direct labor $3,620,000 Materials purchased during March 2,757,610 Factory overhead incurred during March: Indirect labor 330,970 Machinery depreciation 217,200 Heat, light, and power 181,000 Supplies 36,090 Property taxes 31,020 Miscellaneous costs 47,270 This information has been collected in...
Statement of Cost of Goods Manufactured for a Manufacturing Company Cost data for Johnstone Manufacturing Company...
Statement of Cost of Goods Manufactured for a Manufacturing Company Cost data for Johnstone Manufacturing Company for the month ended March 31 are as follows: March 1 March 31 Inventories Materials $ 142,000 $123,540 Work in process 95,140 82,770 Finished goods 72,420 82,770 Direct labor $255,600 272,640 Materials purchased during March Factory overhead incurred during March: Indirect labor 27,260 Machinery depreciation 16,470 Heat, light, and power 5,680 4,540 Supplies 3,980 Property taxes Miscellaneous costs 7,380 a. Prepare a cost of...
Statement of Cost of Goods Manufactured for a Manufacturing Company Cost data for Johnstone Manufacturing Company...
Statement of Cost of Goods Manufactured for a Manufacturing Company Cost data for Johnstone Manufacturing Company for the month ended March 31 are as follows: March 1 March 31 Inventories Materials $182,000 $163,800 Work in process 123,760 111,380 Finished goods 94,640 111,380 Direct labor $327,600 Materials purchased during March 349,440 Factory overhead incurred during March: Indirect labor 34,940 Machinery depreciation 21,110 Heat, light, and power 7,280 Supplies 5,820 Property taxes 5,100 Miscellaneous costs 9,460 a. Prepare a cost of goods...
Statement of cost of goods manufactured for a manufacturing company Cost data for Johnstone Manufacturing Company...
Statement of cost of goods manufactured for a manufacturing company Cost data for Johnstone Manufacturing Company for the month ended March 31 are as follows: Inventories Materials Work in process Finished goods = March 1 $187.200 388,570 522,560 March 31 $172,130 454970 S49,020 = = m $3,120,000 2,376,720 all Direct labore Materials purchased during March Factory overhead incurred during March: Indirect labor Machinery depreciation Heat, light, and power Supplies Property taxes Miscellaneous costs 285250 187,200 156,000 31.110 26,740 40,740 This...
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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 31 Materials January 1 $228,000 157,320 116,280 $198,360 136,870 Work in process Finished goods 132,900 $410,400 Direct labor Materials purchased during January Factory overhead incurred during January: 437,760 Indirect labor 43,780 26,450 Machinery depreciation Heat, light, and power 9,120 Supplies 7,300 Property taxes 6,380 Miscellaneous costs 11,860 a. Prepare a cost of goods...
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Statement of Cost of Goods Manufactured for a Manufacturing Company Cost data for Sandusky Manufacturing Company...
Statement of Cost of Goods Manufactured for a Manufacturing Company Cost data for Sandusky Manufacturing Company for the month ended January 31 are as follows: Inventories Material:s Work in process Finished goods January 1 $180,000 334,600 675,000 January 31 $145,500 290,700 715,000 Direct labor Materials purchased during January Factory overhead incurred during January: $2,260,000 1,375,000 115,000 90,000 55,000 18,500 10,000 33,100 a. Prepare a cost of goods manufactured statement for January. Indirect labor Machinery depreciation Heat, light, and power Supplies...
Statement of Cost of Goods Manufactured for a Manufacturing Company Cost data for Johnstone Manufacturing Company for the month ended March 31 are as follows: Inventories March 1 March 31 Materials $165,150 $183,500 122,950 110,650 Work in process Finished goods 93,590 110,650 $330,300 352,320 35,230 Direct labor Materials purchased during March Factory overhead incurred during March: Indirect labor Machinery depreciation Heat, light, and power Supplies Property taxes Miscellaneous costs 21,290 7,340 5,870 5,140 9,540 a. Prepare a cost of goods...
Statement of Cost of Goods Manufactured for a Manufacturing Company Cost data for Johnstone Manufacturing Company for the month ended March 31 are as follows: Inventories March 1 March 31 Materials $212,000 $182,320 Work in process 1 44,160 123,980 Finished goods 110,240 122,150 S. Direct labor Materials purchased during March Factory overhead incurred during March: $381,600 407,040 Indirect labor Machinery depreciation Heat, light, and power Supplies Property taxes Miscellaneous costs a. Prepare a cost of goods manufactured statement for March....
Statement of Cost of Goods Manufactured for a Manufacturing Company Cost data for Johnstone Manufacturing Company for the month ended March 31 are as follows: Inventories March 1 March 31 Materials $142,000 $123,540 95,140 82,770 Work in process Finished goods 72,420 82,770 Direct labor $255,600 272,640 Materials purchased during March Factory overhead incurded during March: Indirect labor 27,260 16,470 Machinery depreciation Heat, light, and power 5,680 4,540 Supplies Property taxes 3,980 7,380 Miscellaneous costs a. Prepare a cost of goods...
Statement of cost of goods manufactured for a manufacturing company Cost data for Johnstone Manufacturing Company for the month ended March 31 are as follows: Inventories March 1 Materials $217,200 Work in process 450,840 Finished goods 606,300 March 31 $199,720 527,900 637,020 Direct labor $3,620,000 Materials purchased during March 2,757,610 Factory overhead incurred during March: Indirect labor 330,970 Machinery depreciation 217,200 Heat, light, and power 181,000 Supplies 36,090 Property taxes 31,020 Miscellaneous costs 47,270 This information has been collected in...
Statement of Cost of Goods Manufactured for a Manufacturing Company Cost data for Johnstone Manufacturing Company for the month ended March 31 are as follows: March 1 March 31 Inventories Materials $ 142,000 $123,540 Work in process 95,140 82,770 Finished goods 72,420 82,770 Direct labor $255,600 272,640 Materials purchased during March Factory overhead incurred during March: Indirect labor 27,260 Machinery depreciation 16,470 Heat, light, and power 5,680 4,540 Supplies 3,980 Property taxes Miscellaneous costs 7,380 a. Prepare a cost of...
Statement of Cost of Goods Manufactured for a Manufacturing Company Cost data for Johnstone Manufacturing Company for the month ended March 31 are as follows: March 1 March 31 Inventories Materials $182,000 $163,800 Work in process 123,760 111,380 Finished goods 94,640 111,380 Direct labor $327,600 Materials purchased during March 349,440 Factory overhead incurred during March: Indirect labor 34,940 Machinery depreciation 21,110 Heat, light, and power 7,280 Supplies 5,820 Property taxes 5,100 Miscellaneous costs 9,460 a. Prepare a cost of goods...
Statement of cost of goods manufactured for a manufacturing company Cost data for Johnstone Manufacturing Company for the month ended March 31 are as follows: Inventories Materials Work in process Finished goods = March 1 $187.200 388,570 522,560 March 31 $172,130 454970 S49,020 = = m $3,120,000 2,376,720 all Direct labore Materials purchased during March Factory overhead incurred during March: Indirect labor Machinery depreciation Heat, light, and power Supplies Property taxes Miscellaneous costs 285250 187,200 156,000 31.110 26,740 40,740 This...
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 31 Materials January 1 $228,000 157,320 116,280 $198,360 136,870 Work in process Finished goods 132,900 $410,400 Direct labor Materials purchased during January Factory overhead incurred during January: 437,760 Indirect labor 43,780 26,450 Machinery depreciation Heat, light, and power 9,120 Supplies 7,300 Property taxes 6,380 Miscellaneous costs 11,860 a. Prepare a cost of goods...
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 $133,000 $113,050 Work in process 87,780 74,610 Finished goods 69,160 75,740 Direct labor $239,400 Materials purchased during January 255,360 Factory overhead incurred during January: Indirect labor 25,540 Machinery depreciation 15,430 Heat, light, and power 5,320 Supplies 4,260 Property taxes 3,720 Miscellaneous costs 6,920 a. Prepare a cost of goods...
Statement of Cost of Goods Manufactured for a Manufacturing Company Cost data for Sandusky Manufacturing Company for the month ended January 31 are as follows: Inventories Material:s Work in process Finished goods January 1 $180,000 334,600 675,000 January 31 $145,500 290,700 715,000 Direct labor Materials purchased during January Factory overhead incurred during January: $2,260,000 1,375,000 115,000 90,000 55,000 18,500 10,000 33,100 a. Prepare a cost of goods manufactured statement for January. Indirect labor Machinery depreciation Heat, light, and power Supplies...
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