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Use the following information to prepare the manufacturing statement for Forsythe Company for the month 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 10,400 Reminder: Total Manufacturing Costs = DM + DL + FO Cost of Goods Manufactured = Total Manufacturing Costs + Beginning GIP— Ending GIP What is the sum of all Factory Overhead items' dollar amount? Report in whole dollars
Use the following information to prepare the manufacturing statement for Forsythe Company for the month 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 10,400
Reminder: Total Manufacturing Costs = DM + DL + FO Cost of Goods Manufactured = Total Manufacturing Costs + Beginning GIP— Ending GIP What is the sum of all Factory Overhead items' dollar amount? Report in whole dollars.
Use the following information to prepare the manufacturing statement for Forsythe Company for the month 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 Imo°
Reminder: Total Manufacturing Costs = DM + DL + FO Cost of Goods Manufactured = Total Manufacturing Costs + Beginning GIP— Ending GIP What is the Total Manufacturing Costs dollar amount? Report in whole dollars.
Expert Solution
| 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 | |
Sum of All Factory Overhead Items's Dollar Amount = $61,000
Total Manufacturing COst Dollar Amount = $113,000
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