Question

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 January 31 Materials January 1 $314.000 216,000 163,200 Work in process Finished goods S276,800 239,800 189.000 January 31 5567.000 606 600 Direct labor Materials purchased during the month Factory overhead incurred during the month Indirect labor Machinery depreciation Heat, light, and power 60,520 32.000 12,200 8220 8,880 16,460 Supplies Property taxes Miscellaneous costs 

Answer 1

Answer Page No o @ Cord of goods marubadured statement for January Amount $216000 Statement of cost of goods marubadūred I Amount Amount work in process inventory, Jant Direct materials Materials inventory , Jan I : $314000 Purchases $ 606,600 cost of materials available for sale $920600 Materials inventory, Jan 3) $ 276,800) cool ge direct materials used in predeling $643800 Dired labor actory overhead Indirect labor $ 60520 Machinery depreciation Heat, light & Power $12,200 Supplies $8220 Property taxes $8880 Miscellaneous cortos Total factory overhead $138280 $567000 $ 32000 $16460

Page: No Amount Amount Amount $1349080 Total manub aclaring costs incurred during Tan Total manubackūring costs work in process inventory , Jan 31 I cost of goods manufactured $1565080 $239800 $1325280 Cact of goods sold Cost of goods sold a finished goods inventory , Jans + cost of goods manubactured – frished goods inventory, Jan 31 163200 + 1325280 - 189000 = $1299480 cost of goods sold = $1299480