accounting question Statement of Cost of Goods Manufactured for a Manufacturing Company
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:
InventoriesMarch 1March 31Materials$225,250 $193,720 Work in process155,420 133,670 Finished goods114,880 129,790
Direct labor$405,450Materials purchased during March432,480Factory overhead incurred during March: Indirect labor43,250 Machinery depreciation26,130 Heat, light, and power9,010 Supplies7,210 Property taxes6,310 Miscellaneous costs11,710
a. Prepare a cost of goods manufactured statement for March.
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