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2 views7 pagesManufacturing Cost Statement Overview
This document presents a manufacturing cost statement with two sections. The first section details the costs incurred, including materials, labor, and overhead costs, as well as the beginning and ending inventories of work in process. The second section calculates the cost of goods sold from the manufacturing cost and the beginning and ending inventories of finished goods.
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0% found this document useful (0 votes)
2 views7 pagesManufacturing Cost Statement Overview
This document presents a manufacturing cost statement with two sections. The first section details the costs incurred, including materials, labor, and overhead costs, as well as the beginning and ending inventories of work in process. The second section calculates the cost of goods sold from the manufacturing cost and the beginning and ending inventories of finished goods.
Translated by
ScribdTranslationsCopyright
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NOMBRE: ____________________________________________ No.
de cuenta: _________________
PROBLEM No.
MANUFACTURING COST STATEMENT
Costos incurridos durante el periodo:
Direct materials used $ 225,000
Direct labor 210,000
Indirect manufacturing costs 515,000
Total costs incurred in production 950,000
Initial work in process inventory
Costs of goods available during the process 950,000
Final inventory of work in process
Cost of manufactured goods $ 950,000
COST OF GOODS SOLD
Initial inventory of finished goods
Cost of manufactured goods 950,000
items available for sale 950,000
Final inventory of finished items
Cost of goods sold $ 950,000
Prime costs $ 435,000.00
cost of goods sold initial inventory + cost of
selling expenses 80000
Administrative expenses 50000
other expenses
financial expenses
manufacture
NOMBRE: ____________________________________________ Account number: ___________
PROBLEM No. 2.10 pg 69
MANUFACTURING COST STATEMENT
Costs incurred during the period:
Direct materials used
Direct labor
Indirect manufacturing costs
Total costs incurred in production
Initial inventory of work in process
Costs of the goods available during the process
Final inventory of work in progress
Cost of manufactured goods
COST OF GOODS SOLD
Initial inventory of finished goods
Cost of manufactured goods 179,000
items available for sale 179,000
Final inventory of finished goods
Cost of goods sold
_______
$ 70,500
32,000
73,500
176,000
25,000
201,000
22,000
$ 179,000
$ 179,000
NOMBRE: ____________________________________________ Account number ___________
PROBLEM No. 2.10 pg 69
COST OF MANUFACTURING STATEMENT
Costs incurred during the period:
Direct materials used
Direct labor
Indirect manufacturing costs
Total costs incurred in production
Initial inventory of work in process
Costs of goods available during the process
Final inventory of work in process
Cost of manufactured goods
COST OF GOODS SOLD
Initial inventory of finished goods
Cost of manufactured goods -
articles available for sale -
Final inventory of finished items
Cost of goods sold
_______
$ -