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 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 Property taxes Miscellaneous costs

Answer 1

Cost Sheet for the period january

COST DATA for sandusky manufacturing company for the month ended january 31 -

Below is given the cost of goods manufactured and cost of goods sold for january 1 to january 31based on data given in question-

1 Schedule of Cost of Goods Manufactured 3 For the year ended january 31 4 Direct materials 5 Beginning raw materials 6 Add Purchases 7 Deduct Ending raw materials 8 direct materials used in production 1,80,000 1375000 145500 14,09,500 10 Direct labor 11 Manufacturing overheads 12 indirect labor 13 Machinery depreciation 14 Heat,light and power 15 Supplies 16 Property taxes 17 Miscellaneous costs 18 19 Total Manufacturing costs 20 21 Add: beginning WIP 22 Less Ending wip 23 Cost of goods Manufactured 24 25 Add beginning Finished goods 26 Less Ending Finished goods 27 28 Cost of goods sold 29 2260000 321600 115000 90000 55000 18500 10000 33100 39,91,100 334600 290700 40,35,000 675000 715000 39,95,000