Question

Cost data for Sandusky Manufacturing Company for the month ended January 31 are as follows: Inventories January 1 January 31 Materials $310,000 $276,600 238,400 Work in process 215,200 Finished goods 162,800 190,100 January 31 Direct labor $565,000 604,800 Materials purchased during the month Factory overhead incurred during the month: Indirect labor 60,440 Machinery depreciation 35,000 Heat, light, and power 13,600 Supplies 8,540 Property taxes 8,860

Answer 1

1.

Sundusky manufacturing company

Statement of cost of goods manufactured

For the month Ended January 31

Material beginning	310,000
Material purchased	604,800
Total raw material available	914,800
Material ending	-276,600
Direct material used		638,200
Direct labor		565,000
Factory overheads :
Indirect labor	60,440
Machinery depreciation	35,000
Heat, light and power	13,600
Supplies	8,540
Property taxes	8,860
Miscellaneous costs	16,400
Total factory overhead		142,840
Total manufacturing costs		1,346,040
Work in process, beginning		215,200
Work in process, ending		-238,400
Cost of goods manufactured		$1,322,840

2.

Statement of cost of goods sold

Finished goods, beginning	162,800
Cost of goods manufactured	1,322,840
Cost of goods available for sale	1,485,640
Finished goods, ending	-190,100
Cost of goods sold	$1,295,540

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