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Statement of cost of goods manufactured for a manufacturing company Cost data for Bedford Manufacturing Company for the month ending May 31 2012 are as follows Inventories 1-May 31-May Material

Statement of cost of goods manufactured for a manufacturing company Cost data for Bedford Manufacturing Company for the month ending May 31, 2012, are as follows:

Inventories

1-May

31-May

Materials

$168,000

$139,000

Work in   process

240,000

260,000

Finished   goods

182,000

214,200

Direct   labor

 

$475,000

Materials   purchased during May

 

302,000

Factory   overhead incurred during May:

   

Indirect   labor

 

57,200

Machinery   depreciation

 

36,000

Heat,   light, and power

 

13,000

Supplies

 

10,000

Property   taxes

 

9,800

Miscellaneous   cost

 

18,200

a. Prepare a cost of goods manufactured statement for May 2012.

b. Determine the cost of goods sold for May 2012.

Jul 01 2020 View more View Less

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