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Statement of Cost of Goods Manufactured for a Manufacturing Company Cost data for Firetree Manufacturing Company for the month ended March 31 are as follows: March 31 Materials $131,500 $118,350 Work in process Finished goods Inventories March 1 89,420 80,480 68,380 80,480 Direct labor Materials purchased during March $236,700 Factory overhead incurred during March: Indirect labor Machinery depreciation Heat, light, and power Direct materials: 252,480 Factory overhead: Supplies Property taxes Miscellaneous costs a. Prepare a cost of goods manufactured statement for March. Firetree Manufacturing Company Statement of Cost of Goods Manufactured For the Month Ended March 31 Costs Type 25,250 15,250 5,260 4,210 3,680 6,840 Total factory overhead Total manufacturing costs incurred during March Total manufacturing costs Cost of goods manufactured b. Determine the cost of goods sold for March. Amount Amount Amount 1000000 10000 0000

Statement of Cost of Goods Manufactured for a Manufacturing Company Cost data for Firetree Manufacturing Company for the month ended March 31 are as follows: March 31 Materials $131,500 $118,350 Work in process Finished goods Inventories March 1 89,420 80,480 68,380 80,480 Direct labor Materials purchased during March $236,700 Factory overhead incurred during March: Indirect labor Machinery depreciation Heat, light, and power Direct materials: 252,480 Factory overhead: Supplies Property taxes Miscellaneous costs a. Prepare a cost of goods manufactured statement for March. Firetree Manufacturing Company Statement of Cost of Goods Manufactured For the Month Ended March 31 Costs Type 25,250 15,250 5,260 4,210 3,680 6,840 Total factory overhead Total manufacturing costs incurred during March Total manufacturing costs Cost of goods manufactured b. Determine the cost of goods sold for March. Amount Amount Amount 1000000 10000 0000

Managerial Accounting: The Cornerstone of Business Decision-Making
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter2: Basic Managerial Accounting Concepts
Section: Chapter Questions
Problem 53P: Cost of Direct Materials, Cost of Goods Manufactured, Cost of Goods Sold Bisby Company manufactures...
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Statement of Cost of Goods Manufactured for a Manufacturing Company Cost data for Firetree Manufacturing Company for the month ended March 31 are as follows: March 31 Materials $131,500 $118,350 Work in process Finished goods Inventories March 1 89,420 80,480 68,380 80,480 Direct labor Materials purchased during March Direct materials: $236,700 Factory overhead incurred during March: Indirect labor Machinery depreciation Heat, light, and power Supplies Property taxes Miscellaneous costs a. Prepare a cost of goods manufactured statement for March. Firetree Manufacturing Company Statement of Cost of Goods Manufactured For the Month Ended March 31 Costs Type Factory overhead: 252,480 25,250 15,250 5,260 4,210 3,680 6,840 Total factory overhead Total manufacturing costs incurred during March Total manufacturing costs Cost of goods manufactured b. Determine the cost of goods sold for March. Amount Amount Amount 1000000 llo 0
Transcribed Image Text:Statement of Cost of Goods Manufactured for a Manufacturing Company Cost data for Firetree Manufacturing Company for the month ended March 31 are as follows: March 31 Materials $131,500 $118,350 Work in process Finished goods Inventories March 1 89,420 80,480 68,380 80,480 Direct labor Materials purchased during March Direct materials: $236,700 Factory overhead incurred during March: Indirect labor Machinery depreciation Heat, light, and power Supplies Property taxes Miscellaneous costs a. Prepare a cost of goods manufactured statement for March. Firetree Manufacturing Company Statement of Cost of Goods Manufactured For the Month Ended March 31 Costs Type Factory overhead: 252,480 25,250 15,250 5,260 4,210 3,680 6,840 Total factory overhead Total manufacturing costs incurred during March Total manufacturing costs Cost of goods manufactured b. Determine the cost of goods sold for March. Amount Amount Amount 1000000 llo 0
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