Cost data for Johnstone Manufacturing Company for the month ended March 31 are as follows: a. Prepare
Question:
Cost data for Johnstone Manufacturing Company for the month ended March 31 are as follows:
a. Prepare a cost of goods manufactured statement for March.
b. Determine the cost of goods sold for March.
Transcribed Image Text:
Inventories March 1 March 31 Materials $210,000 $193,100 Work in process 435,900 510,400 Finished goods 615,900 586,200 Direct labor $3,500,000 Materials purchased during January 2,666,200 Factory overhead incurred during January: Indirect labor 320,000 Machinery depreciation 210,000 Heat, light, and power 175,000 Supplies 34,900 Property taxes 30,000 Miscellaneous costs 45,700
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Related Book For
Forensic And Investigative Accounting
ISBN: 9780808056300
10th Edition
Authors: G. Stevenson Smith D. Larry Crumbley, Edmund D. Fenton
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