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Prepare cost of goods manufactured statement

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Reference no: EM131212322

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.

Reference no: EM131212322

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