Question

Homework: CH16 core: 0 of 1 pt ( 5 of 7 (5 complete) E16-19 (similar to) Consider the following partially completed schedules of cost of goods manufactured. Compute the missing amounts Click the icon to view the schedule) Lee Supply Beginning Work in Process Inventory Direct Materials Used Direct Labor Manufacturing Overhead Total Manufacturing Costs incurred during the Year Total Manufacturing Costs to Account For Ending Work-in-Process Inventory Cost of Goods Manufactured 54.500 nter any number in the edit fields and then click Check Answer. parts remaining

Answer 1

	Lee Supply	Boswell Inc	White corp
Bigining Work In Progress	$         10,100	$             40,700	$          2,500
Direct Materials used	$         14,200	$             35,200	$          3,400
Direct Labor	$         10,000	$             20,700	$          1,300
Manufacturing Overhead	$         20,200	$             10,900	$              700
Total Manufacturing cost Incurred during the year	$         44,400	$             66,800	$          5,400
Total Manufacturing cost to account for	$         54,500	$         1,07,500	$          7,900
Ending work in progress Inventory	$          -4,700	$           -25,200	$         -2,000
Cost Of Goods Manufactured	$         49,800	$             82,300	$          5,900
Beginning Work in progress = total manufacturing cost account for - manufacturing cost incurred during the year
Cost of goods manufactured = total manufacturing cost -ending work in progress
Total Manufacturing cost Incurred during the year = direct material + direct labor + manufacturing overhead