Financial and Managerial Accounting: E16-15 Cost data for T. Clark Manufacturing Company

Financial and Managerial Accounting

E16-15
Cost data for T. Clark Manufacturing Company for the month ending April 30,2008, are as follows:
Inventories April 1 April 30
Materials 125,000 110,000
Work in Progress 85,000 95,000
Finished goods 65,000 75,000

Direct Labor 225,000
Materials purchased during April 240,000
Factory overhead incurred during April:
Indirect Labor 24,000
Machinery depreciation 14,000
Heat, Light, and power 5,000
Supplies 4,000
Property taxes 3,500
Miscellaneous cost 6,500

a. Prepare a cost of goods manufactured statement for April 2008.
b. Determine the cost of goods sold for April 2008.
Powered by