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Category > Accounting Posted 18 Aug 2017 My Price 13.00

F. Mills Manufacturing Company

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 $174,750   $152,030  
Work in process 118,830   103,380  
Finished goods 89,120   104,900  

 

Direct labor $314,550
Materials purchased during May 335,520
Factory overhead incurred during May:  
  Indirect labor 33,550
  Machinery depreciation 20,270
  Heat, light, and power 6,990
  Supplies 5,590
  Property taxes 4,890
  Miscellaneous costs 9,090

 

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Hint(s) Image for Statement of Cost of Goods Manufactured for a Manufacturing Company Cost data for F. Mills Manufacturing Compa

a. Prepare a cost of goods manufactured statement for May 2014.

F. Mills Manufacturing Company

Statement of Cost of Goods Manufactured

For the Month Ended May 31, 2014

  
         

$  

Direct materials:
           

  
 

$  
       

  
 

  
       

  
 

$  
       

  
 

  
       

  
     

$  
   

  
     

  
   

Factory overhead:
           

  
 

$  
       

  
 

  
       

  
 

  
       

  
 

  
       

  
 

  
       

  
 

  
       

Total factory overhead
     

  
   

Total manufacturing costs incurred during May
         

  

Total manufacturing costs
         

$  

  
         

  

Cost of goods manufactured
         

$  

 

b. Determine the cost of goods sold for May 2014.
$

Show transcribed image text 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: a. Prepare a cost of goods manufactured statement for May 2014. b. Determine the cost of goods sold for May 2014. $

Answers

Maurice Tutor
(5)
Status NEW Posted 18 Aug 2017 06:08 PM My Price 13.00

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