Show All Work!!!!!!!! Use the following information to prepare the manufacturing
ID: 2355550 • Letter: S
Question
Show All Work!!!!!!!!Use the following information to prepare the manufacturing statement for Forsythe Company for the month ended June 30.
Use the following to prepare manufacturing statement for Forsythe Company ended June 30
Goods in process inventory, May 31.....$12,600
Goods in process inventory, June 30 16,500
Direct materials used during June 21,000
Direct labor used during June 31,000
Factory overhead:
Indirect material 6,400
Indirect labor 9,200
Factory rent 12,000
Factory depreciation 15,000
Factory Utilities 18,400
Explanation / Answer
Direct Materials Used
21,000
Direct Labor Used
31,000
Manufacturing Overhead:
Indirect Material
6,400
Indirect Labor
9,200
Factory Rent
12,000
Factory Depreciation
15,000
Factory Utilities
18,400
Total Manufacturing Overhead
61,000
Manufacturing Costs Incurred in June
113,000
Plus Beginning Goods in Process inventory
12,600
Total Manufacturing Costs to Account for
125,600
Less Ending Goods in Process inventory
16,500
Cost of Goods Manfactured
109,100
Direct Materials Used
21,000
Direct Labor Used
31,000
Manufacturing Overhead:
Indirect Material
6,400
Indirect Labor
9,200
Factory Rent
12,000
Factory Depreciation
15,000
Factory Utilities
18,400
Total Manufacturing Overhead
61,000
Manufacturing Costs Incurred in June
113,000
Plus Beginning Goods in Process inventory
12,600
Total Manufacturing Costs to Account for
125,600
Less Ending Goods in Process inventory
16,500
Cost of Goods Manfactured
109,100