Cost data for MixALot Manufacturing Company for the month en

Cost data for Mix-A-Lot Manufacturing Company for the month ended March 31, 2016, are as follows:

Inventories	March 1	March 31
Materials	$307,000	$277,600
Work in process	214,000	238,400
Finished goods	163,000	187,000

Solution

Requirement A. Cost of goods manufactured statement for March 2016

Mix-A-Lot Manufacturing Company

Cost of goods manufactured statement for March 2016

Work in process inventory, March 1

214,000

Direct materials:

Materials inventory, March 1, 2016

307,000

Purchases

607,200

Cost of materials available for use

914,200

Less materials inventory, March 31

277,600

Cost of direct materials used

636,600

Direct labor

566,000

Factory overhead:

Indirect labor

60,860

Machinery depreciation

35,000

Heat, light and power

12,800

Supplies

8,400

Property taxes

8,200

Miscellaneous costs

16,360

Total factory overhead

141,620

Total manufacturing costs incurred

1,344,220

Total manufacturing costs

1,558,220

Less work in process inventory, March 31

238,400

Cost of goods manufactured

1,319,820

Requirement B. Cost of goods sold for March 2016.

Finished goods inventory, March 1

163,000

Cost of goods manufactured

1,319,820

Less finished goods inventory, March 31

187,000

Cost of goods sold for March 2016

1,295,820

Mix-A-Lot Manufacturing Company
Cost of goods manufactured statement for March 2016
Work in process inventory, March 1			214,000
Direct materials:
Materials inventory, March 1, 2016	307,000
Purchases	607,200
Cost of materials available for use	914,200
Less materials inventory, March 31	277,600
Cost of direct materials used		636,600
Direct labor		566,000
Factory overhead:
Indirect labor	60,860
Machinery depreciation	35,000
Heat, light and power	12,800
Supplies	8,400
Property taxes	8,200
Miscellaneous costs	16,360
Total factory overhead		141,620
Total manufacturing costs incurred			1,344,220
Total manufacturing costs			1,558,220
Less work in process inventory, March 31			238,400
Cost of goods manufactured			1,319,820