Fill This Form To Receive Instant Help
Fill This Form To Receive Instant Help
Homework answers / question archive / Use the following information to prepare the manufacturing statement for Forsythe Company for the month ended June 30
Use the following information to prepare the manufacturing statement for Forsythe Company for the month ended June 30.
Use the following to prepare manufacturing statement for Forsythe Company ended June 30
Goods in process inventory, May 31.....$12,600
Goods in process inventory, June 30 16,500
Direct materials used during June 21,000
Direct labor used during June 31,000
Factory overhead:
Indirect material 6,400
Indirect labor 9,200
Factory rent 12,000
Factory depreciation 15,000
Factory Utilities 18,400
Answer:
| Manufacturing Statement for Month Ended June 30: | ||
| Direct Materials | 21000 | |
| Direct labour | 31000 | |
| Factory overhead | ||
| Indirect material | 6400 | |
| Indirect labor | 9200 | |
| Rent | 12000 | |
| Deprecation | 15000 | |
| utilities | 18400 | |
| Total overhead | 61000 | |
| Total manufacturing cost | 113000 | |
| Add: Beginning work in progress | 12600 | |
| Total cost of work in process | 125600 | |
| Less: Ending WIP | 16500 | |
| Total cost of goods manufactured | 109100 | |
Total Direct Material Labor Amount = 21,000
Total Direct Labor Amount = $31,000
