Messinger Manufacturing Company had the following account balances for the quarter ending March 31, unless otherwise noted:

Work-in-process inventory (January 1) $140,400
Work-in-process inventory (March 31) 171,000
Finished goods inventory (January 1) 540,000
Finished goods inventory (March 31) 510,000

Direct materials used 378,000
Indirect materials used 84,000
Direct manufacturing labor 480,000
Indirect manufacturing labor 186,000

Property taxes on manufacturing plant building 28,800
Salespersons' company vehicle costs 12,000
Depreciation of manufacturing equipment 264,000
Depreciation of office equipment 123,600

Miscellaneous plant overhead 135,000
Plant utilities 92,400
General office expenses 305,400
Marketing distribution costs 30,000

Required:
a. Prepare a cost of goods manufactured schedule for the quarter.
b. Prepare a cost of goods sold schedule for the quarter.

Hi, thanks for your help, I would like to know if I have to include "Miscellanous Plant Overhead in the "Factory Overhead", I amm a little confused with it. Thanks again for your help.
William

Hi.

Please check attached ANSWER for your perusal...

http://img227.imageshack.us/img227/2640/document3fc7.gif

Ya exactly you have to ADD in FACTORY OVERHEAD.

- Plant overhead is allocated to FACTORY OVERHEAD and will take it in COST OF GOODS MANUFACTURED.

- Machinery or Equipment overhead will considered as a OPERATING EXPENSE and will take in INCOME STATEMENT.

What is the meaning of the term cost object? Give an example of a cost object that would be used in a manufacturing compan y, a merchandising company, and a service sector company?

What is the meaning of the term cost object? Give an example of a cost object that would be used in a manufacturing company, a merchadising company, and a service sector company?

This is my first accounting class and i really dont understand it. I need help. Please give me an example of a cost object that would be used in a manufacturing company, a merchandising company and a service sector company.

Sorry for being delay but.... I still confused about your above question.

If you are a beginer than please do search out on google the basic cost accounts notes.

THIS FORUM IS FOR YOUR HOMEWORK HELP.

If I'm wrong in writing above reply than please make it right by clarfying what do you exactly want .. I can't understand COST OBJECT :S .. Please CLARIFY.