Statement of cost of goods manufactured for a manufacturing company
Cost data for Mix-A-Lot Manufacturing Company for the month ended March 31, 2016, are as follows:
a.
|
Direct labor
|
$567,000
|
|
Materials purchased during May
|
604,800
|
|
Factory overhead incurred during May:
|
|
|
Indirect labor
|
60,480
|
|
Machinery depreciation
|
36,000
|
|
Heat, light, and power
|
12,600
|
|
Supplies
|
10,080
|
|
Property taxes
|
8,820
|
|
Miscellaneous costs
|
16,380
|
Prepare a cost of goods manufactured statement for March 2016.
b. Determine the cost of goods sold for March 2016.