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Cost data for Sandusky Manufacturing Company for the month ended January 31 are as follows: Inventories January 1 January 31 Materials $180,000 $145,500 Work in process 334,600 290,700 Finished goods

Cost data for Sandusky Manufacturing Company for the month ended January 31 are as follows:
Inventories
January 1
January 31
Materials $180,000 $145,500
Work in process 334,600 290,700
Finished goods 675,000 715,000
 
 
January 31
Direct labour $2,260,000
Materials purchased during the month 1,375,000
Factory overhead incurred during the month:  
  Indirect labour 115,000
  Machinery depreciation 90,000
  Heat, light, and power 55,000
  Supplies 18,500
  Property taxes 10,000
  Miscellaneous costs 33,100
 
  Required:
  a. Prepare a cost of goods manufactured statement for January. Refer to the Amount Descriptions list provided for the exact wording of the answer choices for text entries. For those boxes in which you must enter subtracted or negative numbers use a minus sign.

May 12 2021 View more View Less

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