Statement of Cost of Goods Manufactured for a Manufacturing Company Cost data for Johnstone Manufacturing Company for the month ended March 31 are as follows Inventories March 1 March 31 Materials $196,750 $169,210 Work in process 135,760 116,750 Finished goods 100,340 113,370 Direct labor Materials purchased during March Factory overhead incurred during March: Indirect labor Machinery depreciation Heat, light, and power Supplies Property taxes Miscellaneous costs $354,150 377,760 37,780 22,820 7,870 6,300 5,510 10,230
Statement of Cost of Goods Manufactured for a Manufacturing Company Cost data for Johnstone Manufacturing Company for the month ended March 31 are as follows Inventories March 1 March 31 Materials $196,750 $169,210 Work in process 135,760 116,750 Finished goods 100,340 113,370 Direct labor Materials purchased during March Factory overhead incurred during March: Indirect labor Machinery depreciation Heat, light, and power Supplies Property taxes Miscellaneous costs $354,150 377,760 37,780 22,820 7,870 6,300 5,510 10,230
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter1: Introduction To Managerial Accounting
Section: Chapter Questions
Problem 15E: Statement of cost of goods manufactured for a manufacturing company Cost data for Johnstone...
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![b. Determine the cost of goods sold for March.
SA](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F8b375fd7-d176-44ec-ae6a-db7cb198f25f%2Fcda42c21-83a2-4522-8370-6f94b66c5dde%2Fgtmze3a_processed.png&w=3840&q=75)
Transcribed Image Text:b. Determine the cost of goods sold for March.
SA
![Statement of Cost of Goods Manufactured for a Manufacturing Company
Cost data for Johnstone Manufacturing Company for the month ended March 31 are as follows:
Inventories
March 1
March 31
Materials
$196,750
Work in process
135,760
Finished goods
100,340
$169,210
116,750
113,370
Direct labor
Materials purchased during March
Factory overhead incurred during March:
Indirect labor
Machinery depreciation
Heat, light, and power
Supplies
Property taxes
Miscellaneous costs
$354,150
377,760
37,780
22,820
7,870
6,300
5,510
10,230
a. Prepare a cost of goods manufactured statement for March.
Johnstone Manufacturing Company
Statement of Cost of Goods Manufactured
For the Month Ended March 31](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F8b375fd7-d176-44ec-ae6a-db7cb198f25f%2Fcda42c21-83a2-4522-8370-6f94b66c5dde%2F9nm65i8g_processed.png&w=3840&q=75)
Transcribed Image Text:Statement of Cost of Goods Manufactured for a Manufacturing Company
Cost data for Johnstone Manufacturing Company for the month ended March 31 are as follows:
Inventories
March 1
March 31
Materials
$196,750
Work in process
135,760
Finished goods
100,340
$169,210
116,750
113,370
Direct labor
Materials purchased during March
Factory overhead incurred during March:
Indirect labor
Machinery depreciation
Heat, light, and power
Supplies
Property taxes
Miscellaneous costs
$354,150
377,760
37,780
22,820
7,870
6,300
5,510
10,230
a. Prepare a cost of goods manufactured statement for March.
Johnstone Manufacturing Company
Statement of Cost of Goods Manufactured
For the Month Ended March 31
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