An asterisk (*) will appear to the right of an incorrect entry.
a.
Work in process inventory, March 1
Direct materials:
Total factory overhead
Total manufacturing costs incurred during March
Total manufacturing costs
Cost of goods manufactured
b.
Cost of goods sold for March:
Exercise 15(1)-15
Name:
Section:
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Johnstone Manufacturing Company
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Statement of Cost of Goods Manufactured
For the Month Ended March 31
An asterisk (*) will appear to the right of an incorrect entry.
a.
Work in process inventory, March 1 435,900$
Materials inventory, March 1
Materials inventory, March 31
Purchases
Cost of materials available for use
Cost of direct materials used in production
2,683,100$
Direct labor 3,500,000
Machinery depreciation
Heat, light, and power
Supplies
Property taxes
Miscellaneous costs
Total factory overhead 815,600
Total manufacturing costs incurred during March
6,998,700
Total manufacturing costs
7,434,600$
(510,400)
Cost of goods manufactured
6,924,200$
b.
Cost of goods sold for March:
Finished goods inventory, March 31
Finished goods inventory, March 1
Cost of goods manufactured
Exercise 15(1)-15
Name:
Solution
Section:
For the Month Ended March 31
ON
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Score:
Instructions
Answers are entered in the cells with gray backgrounds.
Johnstone Manufacturing Company
Statement of Cost of Goods Manufactured
Work in process inventory, March 31