Please help me solve the rest of this an fix any errors. nent Statement of Cost
ID: 2396848 • Letter: P
Question
Please help me solve the rest of this an fix any errors. nent Statement of Cost of Goods Manufactured for à Il data for Sandusky Manufacturing Company for the month ended January 31 are Inventories $176,500 $155,320 Work in process 121,790 107,170 91,780 105,620 Finished goods $317,700 Direct labor 338,880 Indirect labor Machinery depreciation Heat, light, and power Supplies Property taxes 33,890 20,470 7,060 5,650 4,940 9,180 costs a. Prepare a cost of goods manufactured statement for January. Sandusky Manufacturing Company Statement of Cost of Goods ManufacturedExplanation / Answer
cost of goods manufactured schedule :
b)
cost of goods sold = Beginning finished goods +cost of goods manufactured- ending FG
= 773570+91780-105620
=759730
work in process jan 1 121790 Direct material Raw material jan 1 176500 Raw material purchase 338880 Raw material available for use 515380 raw material jan 31 (155320) Raw material used 360060 Direct labor 317700 Factory overhead Indirect labor 33890 Machinery depreciation 20470 Heat light power 7060 supplies 5650 property taxes 4940 Miscellaneous cost 9180 Total factory overhead 81190 Total manufacturing cost incurred during the year 758950 Total manufacturing cost 880740 Work in process jan 31 (107170) Cost of goods manufactured 773570