Question - Statement of cost of goods manufactured for a manufacturing company Cost data for F. Mills Manufacturing Company for the month ending April 30, 2010, are as follows:
|
Inventories
|
April 1
|
April 30
|
|
Materials
|
$152,250
|
$137,030
|
|
Work in process
|
102,010
|
91,810
|
|
Finished goods
|
80,690
|
93,180
|
|
Direct labor
|
$274,050
|
|
Materials purchased during April
|
292,320
|
|
Factory overhead incurred during April:
|
|
|
Indirect labor
|
29,230
|
|
Machinery depreciation
|
17,660
|
|
Heat, light, and power
|
6,090
|
|
Supplies
|
4,870
|
|
Property taxes
|
4,260
|
|
Miscellaneous cost
|
7,920
|
Enter all amounts as positive numbers.
a. Prepare a cost of goods manufactured statement for April 2010.
b. Determine the cost of goods sold for April 2010.