An asterisk (*) will appear to the right of an incorrect entry.
a.
Work in process inventory, March 1, 2016
Direct materials:
Cost of direct materials used in production
Direct labor
Factory overhead:
Total factory overhead
Total manufacturing costs incurred during March
Total manufacturing costs
Less:
Cost of goods manufactured
b.
Cost of goods sold for March 2016:
Cost of finished goods available for sale
Cost of goods sold
Statement of Cost of Goods Manufactured
For the Month Ended March 31, 2016
0%
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MIX-A-LOT MANUFACTURING COMPANY
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Instructions
Exercise 18-15
Name:
Section:
An asterisk (*) will appear to the right of an incorrect entry.
a.
Work in process inventory, March 1, 2016 214,200$
Direct materials:
315,000$
604,800
Work in process inventory, March 31, 2016
Factory overhead:
60,480$
36,000
12,600
b.
Cost of goods sold for March 2016:
163,800$
MIX-A-LOT MANUFACTURING COMPANY
Statement of Cost of Goods Manufactured
For the Month Ended March 31, 2016
ON
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Instructions
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Exercise 18-15
Name:
Solution
Section:
Materials inventory, March 31, 2016
Cost of materials available for use
An asterisk (*) will appear to the right of an incorrect entry.
a. Cost of goods sold:
Cost of goods sold
b. Finished goods inventory at end of month:
Finished goods inventory
c. Direct materials cost:
Direct materials cost
d. Direct labor cost:
Factory overhead costs
Direct labor cost
e. Work in process inventory, end of month:
Work in process inventory
0%
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[Key code here]
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Instructions
Exercise 18-17
Name:
Section:
Total manufacturing costs
Direct materials cost
Cost of goods manufactured
An asterisk (*) will appear to the right of an incorrect entry.
a. Cost of goods sold:
792,000$
462,000
Cost of goods sold 330,000$
b. Finished goods inventory at end of month:
396,000$
c. Direct materials cost:
244,200$
33,000
Direct materials cost 211,200$
d. Direct labor cost:
e. Work in process inventory, end of month:
455,400$
Materials inventory, ending
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Instructions
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Cost of goods manufactured
Gross profit
Materials purchased
Total manufacturing costs
Exercise 18-17
Name:
Solution
Section:
Sales
ON
Cost of goods sold