Question

Rochester Electronics, Inc. Statement of Cost of Goods Manufactured for the month end November 30, 2016

ODULY PiULcUuuu. The adjusted trial balance for Rochester Electronics, Inc. on November 30, the end of its first month of operation, is as follows: $ 21,800 16,200 13,900 7400 300,000 Rochester Electronics, Inc. Trial Balance November 30, 2016 Cash .... ......................................... Accounts Receivable ............ Finished Goods... Work in Process ........... Materials.......... Building. Accumulated Depreciation-Building ...... Machinery and Equipment...... Accumulated Depreciation-Mach. and Equip. Accounts Payable .............. Payroll ....................... Capital Stock .................. Sales......................... Cost of Goods Sold ............. Factory Overhead .............. Selling and Administrative Expenses... $ 3,000 88,000 2,200 8,900 422,550 68,300 42.450 15,200 $504,950 $504,950 The general ledger reveals the following additional data: a. There were no beginning inventories. b. Materials purchases during the period were $33,000. c. Direct labor cost was $18,500. d. Factory overhead costs were as follows: dengage.com/static/nb/ui/evo/index.html?eISBN=9781305254657&id=39052294&snapshotid=141526&dockApp Vid=101&nbid=141526&

Answer 1

Answer- Rochester Electronics, Inc.

  Statement of Cost of Goods Manufactured

   for the month ended November 30, 2016

  

Direct Material:-
Beginning inventory	$0
Add: Material purchased during the year	$33,000
Total material available	$33,000
Less: Closing inventory	$7,400
Total material used	$25,600
Less:Indirect material	$1,400	$24,200
Direct Labor		$18,500
Factory Overhead:-
Indirect material	$1,400
Indirect labor	$4,300
Depreciation Building	$3,000
Depreciation-Machinery and Equipment	$2,200
Utilities	$2,750	$13,650
Total Cost of Goods Manufactured		$56,350

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