eBook Show Me How Calculator Cost data for Mix A-Lot Manufacturing Company for t

Question

eBook Show Me How Calculator Cost data for Mix A-Lot Manufacturing Company for the month ended March 31, 2016, are as follows March 1 March 31 Inventories Materials Work in process 215,200 233,400 Finished goods 310,000 $276,600 162,800 190,100 March 31 $565,000 Direct labor Materials purchased during the month Factory overhead incurred during the month 604,800 Indirect labor Machinery depreciation Heat, light, and power Supplies Property taxes Miscellaneous costs 60,440 35,000 13,600 8,540 8,860 16,400 Required A Prepare a cost of goods manufactured statement for March 2016 Refer to the Amount Descriptions list provided for the exact wording of the answer choices for text entries Less" or Plus will automatically appear if it is required Enter al amounts as positive numbers Check My Work Previous

Explanation / Answer

Materials inventory 1 March 2016          310,000 Purchases          604,800 Cost of materials available for use         914,800 Materials inventory 31 March 2016        (276,600) Cost of direct materials used         638,200 Factory Overheads: Direct Labour          565,000 Heat, light and power            13,600 Indirect labor            60,440 Machinery depreciation            35,000 Misc cost            16,400 Property taxes              8,860 Supplies              8,540 Total FOH         707,840 Total manufacturing costs incurred      1,346,040 WIP inventory 1 March 2016 215200 WIP inventory 31 March 2016 -238400 Net movement in WIP (23,200) Cost of goods manufactured      1,322,840

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