Please help me solve the rest of this an fix any errors nent

nent Statement of Cost of Goods Manufactured for à Il data for Sandusky Manufacturing Company for the month ended January 31 are Inventories $176,500 $155,320 Work in process 121,790 107,170 91,780 105,620 Finished goods $317,700 Direct labor 338,880 Indirect labor Machinery depreciation Heat, light, and power Supplies Property taxes 33,890 20,470 7,060 5,650 4,940 9,180 costs a. Prepare a cost of goods manufactured statement for January. Sandusky Manufacturing Company Statement of Cost of Goods Manufactured

Solution

cost of goods manufactured schedule :

b)

cost of goods sold = Beginning finished goods +cost of goods manufactured- ending FG

        = 773570+91780-105620

       =759730

work in process jan 1			121790
Direct material
Raw material jan 1	176500
Raw material purchase	338880
Raw material available for use	515380
raw material jan 31	(155320)
Raw material used		360060
Direct labor		317700
Factory overhead
Indirect labor	33890
Machinery depreciation	20470
Heat light power	7060
supplies	5650
property taxes	4940
Miscellaneous cost	9180
Total factory overhead		81190
Total manufacturing cost incurred during the year			758950
Total manufacturing cost			880740
Work in process jan 31			(107170)
Cost of goods manufactured			773570