Homework Answers
a) Missing amount
| Materials | Work in process | Finished goods | |
| Purchases | 105000 | ||
| Beginning inventory | 16000 | 8500 | 301000+18400-279700 = 39700 |
| Ending inventory | 16000+105000-90300-8500 = 22200 | 18800 | 18400 |
| Direct material used | 90300 | ||
| Direct labor | 290000-90300-115600) = 84100 | ||
| Manufacturing overhead (including indirect materials of 8500) | 115600 | ||
| Transferred to finished goods | 279700 | ||
| Cost of goods sold | 421400*100/140 = 301000 | ||
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