Statement of Cost of Goods Manufactured for a Manufacturing Company Cost data for F. Mills Manufacturing Company
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Question:
Statement of Cost of Goods Manufactured for a Manufacturing Company
Cost data for F. Mills Manufacturing Company for the month ended May 31, 2014, are as follows:
Inventories | May 1 | May 31 | ||
Materials | $139,250 | $121,150 | ||
Work in process | 97,480 | 84,810 | ||
Finished goods | 71,020 | 81,170 |
Direct labor | $250,650 | |
Materials purchased during May | 267,360 | |
Factory overhead incurred during May: | ||
Indirect labor | 26,740 | |
Machinery depreciation | 16,150 | |
Heat, light, and power | 5,570 | |
Supplies | 4,460 | |
Property taxes | 3,900 | |
Miscellaneous costs | 8,010 |
a. Prepare a cost of goods manufactured statement for May 2014.
Related Book For
College Accounting
ISBN: 978-1111528126
11th edition
Authors: Tracie Nobles, Cathy Scott, Douglas McQuaig, Patricia Bille
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