EX 18-15 Statement of cost of goods manufactured for a manufacturing company OBJ. 3 Cost data...
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EX 18-15 Statement of cost of goods manufactured for a manufacturing company OBJ. 3 Cost data for Tiwana Manufacturing Company for the month ended May 31, 2014, are as follows: Inventories Materials Work in process Finished goods May 1 $210,000 142,800 109,200 Direct labor Materials purchased during May Factory overhead incurred during May: Indirect labor Machinery depreciation Heat, light, and power Supplies Property taxes Miscellaneous costs May 31 $184,800 159,600 126,000 $378,000 403,200 40,320 24,000 8,400 6,720 5,880 10,920 a. Prepare a cost of goods manufactured statement for May 2014. b. Determine the cost of goods sold for May 2014. EX 18-15 Statement of cost of goods manufactured for a manufacturing company OBJ. 3 Cost data for Tiwana Manufacturing Company for the month ended May 31, 2014, are as follows: Inventories Materials Work in process Finished goods May 1 $210,000 142,800 109,200 Direct labor Materials purchased during May Factory overhead incurred during May: Indirect labor Machinery depreciation Heat, light, and power Supplies Property taxes Miscellaneous costs May 31 $184,800 159,600 126,000 $378,000 403,200 40,320 24,000 8,400 6,720 5,880 10,920 a. Prepare a cost of goods manufactured statement for May 2014. b. Determine the cost of goods sold for May 2014.
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Related Book For
Financial and Managerial Accounting
ISBN: 978-1285078571
12th edition
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
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