Question

Exercise 14-11 a- Incomplete manufacturing cost data for Marigold Company for 2020 are presented as follows for four different situations. Indicate the missing amount for each letter. Direct Materials Used Direct Labor Used Manufacturing Overhead Total Manufacturing Costs Work in Process 1/1 Work in Process 12/31 Cost of Goods Manufactured $120,400 $144,600 (a) $38,800 (b) $361,200 $89,400 134,700 472,600 204,200 105,500 455,300 270,400 292,600 41,300 86,000 83,500 73,000 62,200 46,100 80,300 (h) 271,100 LINK TO TEXT

Answer 1

Marigold company cost of goods manufactured Schedule for the year ended December 31,2020. uomo do $38,800 work in Process 1/1. direct material $120,400 Direct labor used. $144,600 manufacturing oH. $89,400 ofal manufacturing costs - oorsanoon 354,400 (a). Total cost of work in process. Ood, on $393,200 less Ending work in Process 12/31. (32,000 (b). cost of goods manufactured $361,200 stoouise a) $354,400 b) $32,000 Josipsip 20 o formulae I direct material & labour + Overhead a total manufacture D) Cost of goods & Dral manufacturing - Beginning ending manufactured cout IP WIP 9). I) c + I c + $ 204, 200+ $134,700 = $ 455,300 c = $116,400. D) ) d + $455,300 - $41,300 = $ 472,600 I d = $58,600)

3) from the above formulae: I $83,500 + $105., 500 + e - $270,400 J: .e) > $ 81,400 520 10 D) $270,000 + $62,200 - 86,000 - Pilf - $226,600 . 0.000 celo u 1) $23,000 - 292,600 $73,000 + 9 + 80,300 19 $139,300 0 1 000 D). $292,600 + 46.100 h = 291,100. 5 The $67,600

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