Cost data for Mix-A-Lot Manufacturing Company for the month ended March 31, 2016, are as follows: a.
Question:
Cost data for Mix-A-Lot Manufacturing Company for the month ended March 31, 2016, are as follows:
a. Prepare a cost of goods manufactured statement for March 2016.
b. Determine the cost of goods sold for March 2016.
Transcribed Image Text:
Inventories Materials Work in process Finished goods March 1 315,000 214,200 163,800 March 31 $277,200 239,400 189,000 Direct labor Materials purchased during May Factory overhead incurred during May: $567,000 604,800 Indirect labor Machinery deprecation Heat light, and power Supplies Property taxes Miscellaneous costs 60,480 36,000 12,600 10,080 8,820 16,380
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Related Book For
Financial and Managerial Accounting
ISBN: 978-1285866307
13th edition
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
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