Statement of cost of goods manufactured for a manufacturing company Obj. Cost data for Johnstone Manufacturing Company for the month ended March 31 are as follows:.
Inventories March 1 March 31
Materials $210,000 $193,100
Work in process 435,900 510,400
Finished goods 586,200 615,900
Direct labor $3,500,000
Materials purchased during March 2,666,200
Factory overhead incurred during March:
Indirect labor 320,000
Machinery depreciation 210,000
Heat, light, and power 175,000
Supplies 34,900
Property taxes 30,000
Miscellaneous costs 45,700
a. Prepare a cost of goods manufactured statement for March.
b. Determine the cost of goods sold for March.

Clonex labs, inc., uses the weighted-average method in its process costing system. the following data are available for one department for october: percent completed units materials conversion work in process, october 1 53,000 90 % 65 % work in process, october 31 29,000 74 % 52 % the department started 381,000 units into production during the month and transferred 405,000 completed units to the next department. required: compute the equivalent units of production for october.

Select the correct answer. sarah works in a coffee house where she is responsible for keying in customer orders. a customer orders snacks and coffee, but later, cancels th snacks, saying she wants only coffee. at the end of the day, sarah finds that there is a mismatch in the snack items ordered. which term suggest data has been violated? a. security b. integrity c. adding d. reliability e. reporting

Christopher kim, cfa, is a banker with batts brothers, an investment banking firm. kim follows the energy industry and has frequent contact with industry executives. kim is contacted by the ceo of a large oil and gas corporation who wants batts brothers to underwrite a secondary offering of the company's stock. the ceo offers kim the opportunity to fly on his private jet to his ranch in texas for an exotic game hunting expedition if kim's firm can complete the underwriting within 90 days. according to cfa institute standards of conduct, kim: a) may accept the offer as long as he discloses the offer to batts brothers. b) may not accept the offer because it is considered lavish entertainment. c) must obtain written consent from batts brothers before accepting the offer.