Statement of cost of goods manufactured for Sunshine Manufacturing Company for the Month ended March 31,...

   

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Statement of cost of goods manufactured for Sunshine Manufacturing Company for the Month ended March 31, 2023. The following information is available for Sunshine Company for 2023: Inventories Materials Work in process Finished goods Direct Labor Materials purchased during the year Factory overhead incurred during the year: Indirect labor Machinery depreciation Heat, light, and power Supplies Property taxes Miscellaneous 1-Mar $ 205,000 $ 434,900 $ 576,200 $ S 31-Mar $ 3,450,000 $ 2,665,200 ssssss $ 320,000 215,000 193,000 510,000 612,000 $ $ S 175,000 34,000 30,000 45,700 REQUIRED: a. b. Prpare a Cost of Goods Manufactured statemnt for March 31, 2023. Determine the Cost of Goods Sold for the month ended March 31, 2023 ABC Company uses a job order system. The following data summarize the operations related to production for October, the first ymont of operations: a. Materials purchased on account, $143,000. b. Materials requisition and factory labor used: Job No. 101 102 103 104 105 106 Total For general Factory use Materials $ 20,250 23,100 $ $ 13,300 37,750 19,050 17,850 131,300 10,150 ▬▬▬▬▬ Factory Labor $ 19,850 29,250 14,350 37,950 16,540 19,225 St 137,165 $ 22,060 Factory overhead costs incurred on account, $6000 d. Depreciation of machinery and equipment $41,00 The factory overhead on each job: e. f. E Job No. 101 102 103 104 105 106 Cost 6,250 6,340 4,900 9,320 6,750 6,555 Jobs completed: 101, 102, 103, and 105. Jobs were shipped and customers were billed as follows: Job 101, $67,900, 102, $87,600, 105, $49,570. REQUIRED: А. Journalize the above transactions in the General Journal rpvoded on the left. B. Compute the cost of jobs sold. Statement of cost of goods manufactured for Sunshine Manufacturing Company for the Month ended March 31, 2023. The following information is available for Sunshine Company for 2023: Inventories Materials Work in process Finished goods Direct Labor Materials purchased during the year Factory overhead incurred during the year: Indirect labor Machinery depreciation Heat, light, and power Supplies Property taxes Miscellaneous 1-Mar $ 205,000 $ 434,900 $ 576,200 $ S 31-Mar $ 3,450,000 $ 2,665,200 ssssss $ 320,000 215,000 193,000 510,000 612,000 $ $ S 175,000 34,000 30,000 45,700 REQUIRED: a. b. Prpare a Cost of Goods Manufactured statemnt for March 31, 2023. Determine the Cost of Goods Sold for the month ended March 31, 2023 ABC Company uses a job order system. The following data summarize the operations related to production for October, the first ymont of operations: a. Materials purchased on account, $143,000. b. Materials requisition and factory labor used: Job No. 101 102 103 104 105 106 Total For general Factory use Materials $ 20,250 23,100 $ $ 13,300 37,750 19,050 17,850 131,300 10,150 ▬▬▬▬▬ Factory Labor $ 19,850 29,250 14,350 37,950 16,540 19,225 St 137,165 $ 22,060 Factory overhead costs incurred on account, $6000 d. Depreciation of machinery and equipment $41,00 The factory overhead on each job: e. f. E Job No. 101 102 103 104 105 106 Cost 6,250 6,340 4,900 9,320 6,750 6,555 Jobs completed: 101, 102, 103, and 105. Jobs were shipped and customers were billed as follows: Job 101, $67,900, 102, $87,600, 105, $49,570. REQUIRED: А. Journalize the above transactions in the General Journal rpvoded on the left. B. Compute the cost of jobs sold.