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Use the following information to prepare the manufacturing statement for Forsythe Company for the month ended June 30

Accounting

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

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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

 

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