atement of Cost of Goods Manufactured for a Manufacturing Company Cost data for Firetree Manufacturing Company for the month ended March 31 are as follows: Inventories March 1 March 31 Materials $142,750 $128,480 Work in process 95,640 86,080 Finished goods 74,230 86,080 Line Item Description Amount Direct labor $256,950 Materials purchased during March 274,080 Factory overhead incurred during March: Line Item Description Amount Indirect labor 27,410 Machinery depreciation 16,560 Heat, light, and power 5,710 Supplies 4,570 Property taxes 4,000 Miscellaneous costs 7,420 Question Content Area a. Prepare a cost of goods manufactured statement for March. Firetree Manufacturing CompanyStatement of Cost of Goods ManufacturedFor the Month Ended March 31 Costs Type Amount Amount Amount $- Select - Direct materials: $- Select - - Select - $- Select - - Select - $- Select - - Select - Factory overhead: $- Select - - Select - - Select - - Select - - Select - - Select - Total factory overhead Total factory overhead Total manufacturing costs incurred during March Total manufacturing costs incurred during March Total manufacturing costs $Total manufacturing costs - Select - Cost of goods manufactured $Cost of goods manufactured Question Content Area b. Determine the cost of goods sold for March.fill in the blank 1 of 1$

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter26: Manufacturing Accounting: The Job Order Cost System

Section: Chapter Questions

Problem 2SEA: SCHEDULE OF COST OF GOODS MANUFACTURED The following information is supplied for Maupin...

Line Item Description	Amount
Direct labor	$256,950
Materials purchased during March	274,080

a. Prepare a cost of goods manufactured statement for March.

Firetree Manufacturing CompanyStatement of Cost of Goods ManufacturedFor the Month Ended March 31

Costs Type	Amount	Amount	Amount
			$- Select -
Direct materials:
	$- Select -
	- Select -
	$- Select -
	- Select -
		$- Select -
		- Select -
Factory overhead:
	$- Select -
	- Select -
	- Select -
	- Select -
	- Select -
	- Select -
Total factory overhead		Total factory overhead
Total manufacturing costs incurred during March			Total manufacturing costs incurred during March
Total manufacturing costs			$Total manufacturing costs
			- Select -
Cost of goods manufactured			$Cost of goods manufactured