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 process |
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.