a. Prepare a cost of goods manufactured statement for March. Round your answers to the nearest...
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a. Prepare a cost of goods manufactured statement for March. Round your answers to the nearest dollar. Johnstone Manufacturing Company Statement of Cost of Goods Manufactured For the Month Ended March 31 ✓ Work in process inventory, March 1 Direct materials: Materials inventory, March 1 ✔ Purchases Cost of materials available for use Materials inventory, March 31 - V Cost of direct materials used in production Direct labor - V Factory overhead: Indirect labor ✓ Machinery depreciation. Heat, light, and power Supplies - V Property taxes - V Miscellaneous costs Total factory overhead 217,200 2,757,610 ✔ $ 2,974,810 199,720 330,970 ✓ 217,200 181,000 36,090 ✔ 31,020 ✔ 47,270 ✔ 2,775,090 3,620,000 843,550 ✔ 450,840 a. Prepare a cost of goods manufactured statement for March. Round your answers to the nearest dollar. Johnstone Manufacturing Company Statement of Cost of Goods Manufactured For the Month Ended March 31 ✓ Work in process inventory, March 1 Direct materials: Materials inventory, March 1 ✔ Purchases Cost of materials available for use Materials inventory, March 31 - V Cost of direct materials used in production Direct labor - V Factory overhead: Indirect labor ✓ Machinery depreciation. Heat, light, and power Supplies - V Property taxes - V Miscellaneous costs Total factory overhead 217,200 2,757,610 ✔ $ 2,974,810 199,720 330,970 ✓ 217,200 181,000 36,090 ✔ 31,020 ✔ 47,270 ✔ 2,775,090 3,620,000 843,550 ✔ 450,840
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Related Book For
Managerial Accounting
ISBN: 978-1259307416
16th edition
Authors: Ray Garrison, Eric Noreen, Peter Brewer
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