Calculating Missing Amounts and Cost of Goods Manufactured [LO 2-6]
For each of the following independent cases A–D, compute the missing values: (Enter all amounts as positive values.)
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Calculating Missing Amounts and Cost of Goods Manufactured [LO
2-6]
For each of the following independent...
E2-19 Calculating Missing Amounts and Cost of Goods Manufactured and Sold [LO 2-3, 2-4, 2-5, 2-6]...
E2-19 Calculating Missing Amounts and Cost of Goods Manufactured and Sold [LO 2-3, 2-4, 2-5, 2-6] For each of the following independent cases (1-4), compute the missing values. (Enter all amounts as positive values.) Case 1 Case 2 Case 3 Case 4 $6,400 55,000 700 1,600 $ 22,000$91,000 Beginning raw materials Raw material purchases Indirect materials issued Ending raw materials Direct materials used Direct labor Manufacturing overhead Total current manufacturing costs Beginning work in process Ending work in process Cost...
For each of the following independent cases A-D, compute the missing values: (Enter all amounts as...
For each of the following independent cases A-D, compute the missing values: (Enter all amounts as positive values.) Cost of Goods Manufactured Total Current Case Manufacturing Costs $ 5,700 Beginning Work Ending Work in in Process Process Inventory Inventory $ 2,500 $ 950 1,330 1,600 2,610 615 1,560 8,250 1,1001 6,755
Supply the missing data in the four cases that follow. Each case is independent of the...
Supply the missing data in the four cases that follow. Each case
is independent of the others:
Supply the missing data in the four cases that follow. Each case is independent of the others: 7300 7.800 2,960 Direct materials Direct labour 1,660 5.400 8,600 21,960 2.480 8.800 20,480 Total manufacturing costs Beginning work in process inventory Ending work in process inventory Cost of goods manufactured 33, (3,500) S 15,560 4,940) S 19,800 S30,600 Income Statement Sales Beginning finished goods inventory...
E14.9 (LO 3) An incomplete cost of goods manufactured schedule is presented below. Determine missing amounts...
E14.9 (LO 3) An incomplete cost of goods manufactured schedule is presented below. Determine missing amounts in cost of goods manufactured schedule. $210,000 Hobbit Company Cost of Goods Manufactured Schedule For the Year Ended December 31, 2020 Work in process (1/1) Direct materials Raw materials inventory (1/1) $ ? Add: Raw materials purchases 158,000 Total raw materials available for use Less: Raw materials inventory (12/31) 22,500 Direct materials used $180,000 Direct labor Manufacturing overhead Indirect labor 18,000 Factory depreciation 36,000...
For each of the following independent cases (1-4), compute the missing values. (Enter all amounts as...
For each of the following independent cases (1-4), compute the missing values. (Enter all amounts as positive values.) Case 2 Beginning raw materials Case 1 $ 5,800 54,000 600 1,900 10,350 1,300 3,850 14,700 32,000 54,000 Raw material purchases Indirect materials issued Ending raw materials Direct materials used Direct labor Manufacturing overhead Total current manufacturing costs Beginning work in process Ending work in process Cost of goods manufactured Beginning finished goods Ending finished goods Cost of goods sold 39,350 78,600...
For each of the following independent cases (1-4), compute the missing values. (Enter all amounts as...
For each of the following independent cases (1-4), compute the missing values. (Enter all amounts as positive values.) Case 1 Case 2 Case 3 Case 4 Beginning raw materials Raw material purchases Indirect materials issued Ending raw materials Direct materials used Direct labor Manufacturing overhead Total current manufacturing costs Beginning work in process Ending work in process Cost of goods manufactured Beginning finished goods Ending finished goods Cost of goods sold S 6,600 45,000 800 1,800 S 28,000107,000 11,850 2,700...
Determine the missing ammounts in each of the following independent cases. Determine the missing amounts in...
Determine the missing ammounts in each of the following
independent cases.
Determine the missing amounts in each of the following independent cases. Case A Case B $ 20,000 Case C $ 15,000 30,000 90,000 100,000 70,000 85,000 95,000 100,000 250,000 520,000 35,000 125,000 160,000 340,000 345,000 20,000 35,000 5,000 350,000 Beginning inventory, raw material Ending inventory, raw material Purchases of raw material Direct material Direct labor Manufacturing overhead Total manufacturing costs Beginning inventory, work in process Ending inventory, work in...
Consider the following partially completed schedules of cost of goods manufactured. Compute the missing amounts. E...
Consider the following partially completed schedules of cost of goods manufactured. Compute the missing amounts. E (Click the icon to view the schedules.) Data Table Jones Inc. Beginning Work-in-Process Inventory Direct Materials Used 14,100 Lee Supply Jones Inc. Flynt Corp. Direct Labor 10,000 (a) $ Beginning Work-in-Process Inventory 40,200 $ 2,300 Manufacturing Overhead Direct Materials Used 14,100 35,000 (g) Total Manufacturing Costs Incurred Direct Labor 10,000 20,800 1,800 44,400 during the Year (b) 10,400 300 Manufacturing Overhead Total Manufacturing Costs...
E2-6 (Algo) Finding Unknown Values in the Cost of Goods Manufactured Report (LO 2-3, 2-6) Mulligan...
E2-6 (Algo) Finding Unknown Values in the Cost of Goods Manufactured Report (LO 2-3, 2-6) Mulligan Manufacturing Company uses a job order cost system with overhead applied to products at a rate of 150 percent of direct labor cost. Required: Treating each case independently, selected from the manufacturing data given below, find the missing amounts. You should do them in the order listed. (Hint: For the manufacturing costs in Case 3, first solve for conversion costs and then determine how...
E2-6 (Algo) Finding Unknown Values in the Cost of Goods Manufactured Report [LO 2-3, 2-6] Mulligan...
E2-6 (Algo) Finding Unknown Values in the Cost of Goods Manufactured Report [LO 2-3, 2-6] Mulligan Manufacturing Company uses a job order cost system with overhead applied to products at a rate of 150 percent of direct labor cost. Required: Treating each case independently, selected from the manufacturing data given below, find the missing amounts. You should do them in the order listed. (Hint For the manufacturing costs in Case 3, first solve for conversion costs and then determine how...
E2-19 Calculating Missing Amounts and Cost of Goods Manufactured and Sold [LO 2-3, 2-4, 2-5, 2-6] For each of the following independent cases (1-4), compute the missing values. (Enter all amounts as positive values.) Case 1 Case 2 Case 3 Case 4 $6,400 55,000 700 1,600 $ 22,000$91,000 Beginning raw materials Raw material purchases Indirect materials issued Ending raw materials Direct materials used Direct labor Manufacturing overhead Total current manufacturing costs Beginning work in process Ending work in process Cost...
For each of the following independent cases A-D, compute the missing values: (Enter all amounts as positive values.) Cost of Goods Manufactured Total Current Case Manufacturing Costs $ 5,700 Beginning Work Ending Work in in Process Process Inventory Inventory $ 2,500 $ 950 1,330 1,600 2,610 615 1,560 8,250 1,1001 6,755
Supply the missing data in the four cases that follow. Each case
is independent of the others:
Supply the missing data in the four cases that follow. Each case is independent of the others: 7300 7.800 2,960 Direct materials Direct labour 1,660 5.400 8,600 21,960 2.480 8.800 20,480 Total manufacturing costs Beginning work in process inventory Ending work in process inventory Cost of goods manufactured 33, (3,500) S 15,560 4,940) S 19,800 S30,600 Income Statement Sales Beginning finished goods inventory...
E14.9 (LO 3) An incomplete cost of goods manufactured schedule is presented below. Determine missing amounts in cost of goods manufactured schedule. $210,000 Hobbit Company Cost of Goods Manufactured Schedule For the Year Ended December 31, 2020 Work in process (1/1) Direct materials Raw materials inventory (1/1) $ ? Add: Raw materials purchases 158,000 Total raw materials available for use Less: Raw materials inventory (12/31) 22,500 Direct materials used $180,000 Direct labor Manufacturing overhead Indirect labor 18,000 Factory depreciation 36,000...
For each of the following independent cases (1-4), compute the missing values. (Enter all amounts as positive values.) Case 2 Beginning raw materials Case 1 $ 5,800 54,000 600 1,900 10,350 1,300 3,850 14,700 32,000 54,000 Raw material purchases Indirect materials issued Ending raw materials Direct materials used Direct labor Manufacturing overhead Total current manufacturing costs Beginning work in process Ending work in process Cost of goods manufactured Beginning finished goods Ending finished goods Cost of goods sold 39,350 78,600...
For each of the following independent cases (1-4), compute the missing values. (Enter all amounts as positive values.) Case 1 Case 2 Case 3 Case 4 Beginning raw materials Raw material purchases Indirect materials issued Ending raw materials Direct materials used Direct labor Manufacturing overhead Total current manufacturing costs Beginning work in process Ending work in process Cost of goods manufactured Beginning finished goods Ending finished goods Cost of goods sold S 6,600 45,000 800 1,800 S 28,000107,000 11,850 2,700...
Determine the missing ammounts in each of the following
independent cases.
Determine the missing amounts in each of the following independent cases. Case A Case B $ 20,000 Case C $ 15,000 30,000 90,000 100,000 70,000 85,000 95,000 100,000 250,000 520,000 35,000 125,000 160,000 340,000 345,000 20,000 35,000 5,000 350,000 Beginning inventory, raw material Ending inventory, raw material Purchases of raw material Direct material Direct labor Manufacturing overhead Total manufacturing costs Beginning inventory, work in process Ending inventory, work in...
Consider the following partially completed schedules of cost of goods manufactured. Compute the missing amounts. E (Click the icon to view the schedules.) Data Table Jones Inc. Beginning Work-in-Process Inventory Direct Materials Used 14,100 Lee Supply Jones Inc. Flynt Corp. Direct Labor 10,000 (a) $ Beginning Work-in-Process Inventory 40,200 $ 2,300 Manufacturing Overhead Direct Materials Used 14,100 35,000 (g) Total Manufacturing Costs Incurred Direct Labor 10,000 20,800 1,800 44,400 during the Year (b) 10,400 300 Manufacturing Overhead Total Manufacturing Costs...
E2-6 (Algo) Finding Unknown Values in the Cost of Goods Manufactured Report (LO 2-3, 2-6) Mulligan Manufacturing Company uses a job order cost system with overhead applied to products at a rate of 150 percent of direct labor cost. Required: Treating each case independently, selected from the manufacturing data given below, find the missing amounts. You should do them in the order listed. (Hint: For the manufacturing costs in Case 3, first solve for conversion costs and then determine how...
E2-6 (Algo) Finding Unknown Values in the Cost of Goods Manufactured Report [LO 2-3, 2-6] Mulligan Manufacturing Company uses a job order cost system with overhead applied to products at a rate of 150 percent of direct labor cost. Required: Treating each case independently, selected from the manufacturing data given below, find the missing amounts. You should do them in the order listed. (Hint For the manufacturing costs in Case 3, first solve for conversion costs and then determine how...
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