Sandusky Manufacturing Company | |||
Statement of Cost of Goods Manufactured | |||
For the Month Ended January 31 | |||
Work in process inventory, January 1 | $112300 | ||
Direct materials: | |||
Materials inventory inventory, January 1 | $162750 | ||
Add: Purchases of materials | 312480 | ||
Cost of materials available for sale | $475230 | ||
Less: Materials inventory, January 31 | (141590) | ||
Materials used in production | $333640 | ||
Direct labor | 292950 | ||
Factory overhead: | |||
Indirect labor | $31250 | ||
Machinery depreciation | 18880 | ||
Heat,light and power | 6510 | ||
Supplies | 5210 | ||
Property taxes | 4560 | ||
Miscellaneous costs | 8460 | ||
Total factory overhead | 74870 | ||
Total manufacturing costs incurred during January | 701460 | ||
Total manufacturing costs | 813760 | ||
Less: Work in process. January 31 | (97700) | ||
Cost of goods manufactured | $716060 | ||
b) Cost of goods sold= Finished goods inventory, January 1+Cost of goods manufactured-Finished goods inventory, January 31
= $84630+716060-96280= $704410
Module 1: Assignment Statement of Cost of Goods Manufactured for a Manufacturing Company Cost data f...
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 Materials Work in process Finished goods January 1 $203,500 140,420 105,820 January 31 $175,0100 120,760 117,260 Direct labor Materials purchased during January Factory overhead incurred during January: $366,300 390,720 39,070 23,610 8,140 6,510 5,700 10,580 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 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 Sandusky Manufacturing Company for the month ended January 31 are as follows: Inventories January 1 January 31 Materials $180,500 $157,040 Work in process 120,940 105,220 Finished goods 93,860 106,790 Direct labor $324,900 Materials purchased during January 346,560 Factory overhead incurred during January: Indirect labor 34,660 Machinery depreciation 20,940 Heat, light, and power 7,220 Supplies 5,780 Property taxes 5,050 Miscellaneous costs 9,390 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 January 1 January 31 Materials $225,250 $200,470 Work in process 148,670 132,310 Finished goods 117,130 136,320 Direct labor $405,450 Materials purchased during January 432,480 Factory overhead incurred during January: Indirect labor 43,250 Machinery depreciation 26,130 Heat, light, and power 9,010 Supplies 7,210 Property taxes 6,310 Miscellaneous costs 11,710 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 January 1 January 31 Materials $154,000 $132,440 Work in process 103,180 88,730 Finished goods 78,540 88,730 Direct labor $277,200 Materials purchased during January 295,680 Factory overhead incurred during January: Indirect labor 29,570 Machinery depreciation 17,860 Heat, light, and power 6,160 Supplies 4,930 Property taxes 4,310 Miscellaneous costs 8,010 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 January 1 January 31 Materials $208,750 $185,790 Work in process 139,860 124,480 Finished goods 106,460 126,340 Direct labor $375,750 Materials purchased during January 400,800 Factory overhead incurred during January: Indirect labor 40,080 Machinery depreciation 24,220 Heat, light, and power 8,350 Supplies 6,680 Property taxes 5,850 Miscellaneous costs 10,860 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 January 1 January 31 Materials $196,000 $176,400 Work in process 135,240 121,720 Finished goods 99,960 118,190 Direct labor $352,800 Materials purchased during January 376,320 Factory overhead incurred during January: Indirect labor 37,630 Machinery depreciation 22,740 Heat, light, and power 7,840 Supplies 6,270 Property taxes 5,490 Miscellaneous costs 10,190 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 Materials January 1 $191,000 126,060 99,320 January 31 $164,260 108,410 110,050 Work in process Finished goods Direct labor $343,800 366,720 Materials purchased during January Factory overhead incurred during January: Indirect labor Machinery depreciation Heat, light, and power 36,670 22,160 7,640 6,110 5,350 9,930 Supplies Property taxes Miscellaneous costs 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 January 1 January 31 Materials $171,820 $195,250 134,720 99,580 Work in process Finished goods 118,560 116,840 Direct labor $351,450 374,880 Materials purchased during January Factory overhead incurred during January: Indirect labor 37,490 Machinery depreciation Heat, light, and power 22,650 7,810 Supplies 6,250 Property taxes 5,470 Miscellaneous costs 10,150 a. Prepare a cost of goods...
Thank you in advance! :) 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 1 January 31 Materials $136,500 $122,850 Work in process 92,820 83,540 Finished goods 70,980 82,310 Direct labor $245,700 Materials purchased during January 262,080 Factory overhead incurred during January: Indirect labor 26,210 Machinery depreciation 15,830 Heat, light, and power 5,460 Supplies 4,370 Property taxes 3,820 Miscellaneous costs 7,100 a....