Homework Answers
| Case A | Case B | Case C | |
| Beginning Inventory | 129,000 | 78,000 | 12,000 |
| Ending Inventory | 189,000 | 39,000 | 24,000 |
| Purchases | 245,000 | 264,000 | 71,000 |
| Direct Material used | 185,000 | 303,000 | 59,000 |
| Direct labor | 355,000 | 345,000 | 67,000 |
| Manufacturing overhead | 545,000 | 432,000 | 89,000 |
| Total manufacturing costs | 1,085,000 | 1,080,000 | 215,000 |
| WIP beginning inventory | 79,000 | 69,000 | 8,400 |
| Ending Inventory | 96,000 | 114,000 | 3,400 |
| Cost of goods manufactured | 1,068,000 | 1,035,000 | 220,000 |
| Beginning Inventory FG | 145,000 | 129,000 | 19,000 |
| Cost of goods available for sale | 1,213,000 | 1,164,000 | 239,000 |
| Ending Inventory | 78,000 | 138,000 | 17,000 |
| COGS | 1,135,000 | 1,026,000 | 222,000 |
| Sales | 1,654,000 | 1,545,000 | 330,000 |
| Gross Margin | 519,000 | 519,000 | 108,000 |
| Selling and Admin Expense | 174,000 | 243,000 | 54,000 |
| Income before taxes | 345,000 | 276,000 | 54,000 |
| Income tax expense | 89,000 | 150,000 | 22,000 |
| Net Income | 256,000 | 126,000 | 32,000 |
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Determine the missing amounts in each of the following independent cases. Case A Case B 78,000...
Determine the missing amounts in each of the following independent cases. Case A Case B Case...
Determine the missing amounts in each of the following independent cases. Case A Case B Case C Beginning inventory, raw material $20,000 $15,000 Ending inventory, raw material 90,000 30,000 Purchases of raw material 100,000 85,000 Direct material 70,000 95,000 Direct labor 100,000 125,000 Manufacturing overhead 250,000 160,000 Total manufacturing costs 520,000 345,000 340,000 Beginning inventory, work in process 35,000 20,000 Ending inventory, work in process 35,000 5,000 Cost of goods manufactured 525,000 350,000 Beginning inventory, finished goods 50,000 40,000 Cost...
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independent cases.
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Required: Supply the missing data in the following cases. Each case is independent of the others....
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