Business, 08.02.2021 19:10 megababe04
Statement of Cost of Goods Manufactured for a Manufacturing Company Cost data for Johnstone Manufacturing Company for the month ended March 31 are as follows:
Inventories March 1 March 31
Materials $178,750 $151,940
Work in process 119,760 101,800
Finished goods 91,160 103,320
Direct labor $321,750
Materials purchased during March 343,200
Factory overhead incurred during March:
Indirect labor 34,320
Machinery depreciation 20,740
Heat, light, and power 7,150
Supplies 5,720
Property taxes 5,010
Miscellaneous costs 9,300
Required:
a. Prepare a cost of goods manufactured statement for
b. Determine the cost of goods sold for March.
Answers: 2
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Statement of Cost of Goods Manufactured for a Manufacturing Company Cost data for Johnstone Manufact...
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