Homework Answers
Case 1:
Direct materials used = Beginning raw materials + Raw material
purchases - Indirect materials issued - Ending raw materials
Direct materials used = $6,000 + $47,000 - $1,000 - $1,600
Direct materials used = $50,400
Total current manufacturing costs = Direct materials used +
Direct labor + Manufacturing overhead
Total current manufacturing costs = $50,400 + $30,000 +
$62,000
Total current manufacturing costs = $142,400
Cost of goods manufactured = Beginning work in process + Total
current manufacturing costs - Ending work in process
$129,000 = $47,000 + $142,400 - Ending work in process
Ending work in process = $60,400
Cost of goods sold = Beginning finished goods + Cost of goods
manufactured - Ending finished goods
Cost of goods sold = $72,000 + $129,000 - $78,000
Cost of goods sold = $123,000
Case 2:
Direct materials used = Beginning raw materials + Raw material
purchases - Indirect materials issued - Ending raw materials
$13,700 = Beginning raw materials + $11,950 - $1,800 - $3,750
Beginning raw materials = $7,300
Total current manufacturing costs = Direct materials used +
Direct labor + Manufacturing overhead
$79,600 = $13,700 + Direct labor + $39,350
Direct labor = $26,550
Cost of goods manufactured = Beginning work in process + Total
current manufacturing costs - Ending work in process
$71,800 = $33,600 + $79,600 - Ending work in process
Ending work in process = $41,400
Cost of goods sold = Beginning finished goods + Cost of goods
manufactured - Ending finished goods
$73,000 = Beginning finished goods + $71,800 - $31,200
Beginning finished goods = $32,400
Case 3:
Direct materials used = Beginning raw materials + Raw material
purchases - Indirect materials issued - Ending raw materials
$33,120 = $22,000 + $49,640 - $1,200 - Ending raw materials
Ending raw materials = $37,320
Total current manufacturing costs = Direct materials used +
Direct labor + Manufacturing overhead
$93,800 = $33,120 + Direct labor + $29,780
Direct labor = $30,900
Cost of goods manufactured = Beginning work in process + Total
current manufacturing costs - Ending work in process
$90,625 = Beginning work in process + $93,800 - $42,450
Beginning work in process = $39,275
Cost of goods sold = Beginning finished goods + Cost of goods
manufactured - Ending finished goods
$112,775 = $52,900 + $90,625 - Ending finished goods
Ending finished goods = $30,750
Case 4:
Cost of goods manufactured = Beginning work in process + Total
current manufacturing costs - Ending work in process
$831,900 = $102,220 + Total current manufacturing costs -
$236,200
Total current manufacturing costs = $965,880
Total current manufacturing costs = Direct materials used +
Direct labor + Manufacturing overhead
$965,880 = Direct materials used + $122,450 + $539,930
Direct materials used = $303,500
Direct materials used = Beginning raw materials + Raw material
purchases - Indirect materials issued - Ending raw materials
$303,500 = $103,000 + Raw material purchases - $3,700 -
$95,100
Raw material purchases = $299,300
Cost of goods sold = Beginning finished goods + Cost of goods
manufactured - Ending finished goods
$840,400 = Beginning finished goods + $831,900 - $397,200
Beginning finished goods = $405,700
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