Homework Answers
(a) Total manufacturing cost = Direct materials + Direct labor + Manufacturing overhead
putting the values in the above formula, we get,
Total manufacturing cost = $38000 + $80000 + $48000 = $166000
Next, we will calculate cost of goods manufactured by the following equation:
Cost of goods manufactured = Total manufacturing cost + Beginning work in process - Ending work in process
Putting the values in the above equation, we get,
Cost of goods manufactured = $166000 + $120000 - $96000 = $190000
(b) Here we will use the following equation:
Cost of goods manufactured = Total manufacturing cost + Beginning work in process - Ending work in process
Putting the values in the above equation, we get,
$311000 = $292000 + Beginning work in process - $98000 =
$311000 = $194000 + Beginning work in process
Beginning work in process = $311000 - $194000
Beginning work in process = $117000
(c) Here we will use the following equation:
Cost of goods manufactured = Total manufacturing cost + Beginning work in process - Ending work in process
Putting the values in the above equation, we get,
$515000 = $290000 + $403000 - Ending work in process
$515000 = $693000 - Ending work in process
Ending work in process = $693000 - $515000
Ending work in process = $178000
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2. Presented below are incomplete 2019 manufacturing cost data for Apple Inc. (20 pts) Direct Material...
2. Presented below are incomplete 2019 manufacturing cost data for Apple Inc. (20 pts) Direct Materials...
2. Presented below are incomplete 2019 manufacturing cost data for Apple Inc. (20 pts) Direct Materials Used Direct Labor Manufacturing Overhead Total Manufacturing Costs Work in Process (1/1) Work in Process (12/31) Cost of Goods Manufactured (a) $38,000 $80,000 $48,000 ? $120,000 $96,000 ? (b) $149,000 $53,000 $90,000 $292,000 ? $98,000 $311,000 (c) $53,000 $116,000 $121,000 $290,000 $403,000 ? $515,000 Instructions Determine the missing amounts.
Presented below are incomplete 2019 manufacturing cost data for Shell Corporation. Direct Materials Used Direct Labor...
Presented below are incomplete 2019 manufacturing cost data for Shell Corporation. Direct Materials Used Direct Labor Manufacturing Overhead Total Manufacturing Costs (a) $48,000 $72,000 ? $194,000 (b) $95,000 ? $80,000 $305,000 (c) ? $80,000 $120,000 $260,000 Instructions Determine the missing amounts. (show the steps please!
Presented below are incomplete 2019 manufacturing cost data for Imani Corporation. 47) Manufacturi Total Manufactur ing...
Presented below are incomplete 2019 manufacturing cost data for Imani Corporation. 47) Manufacturi Total Manufactur ing Costs Direct Materi als Used $61,000 Direct Lab ng Overhe ad $54,000 or $72,00 0 $53,00 $90,000 $252,000 $96,000 $310,000 $53,000 48) Gabriel Manufacturing Company has the following data: $145,000 151,000 208,000 26,000 Direct labor Direct materials used Total manufacturing overhead Beginning work in process Instructions Compute (a) total manufacturing costs and (b) total cost of work in process
Presented below are incomplete manufacturing cost data. Determine the missing amounts for three different situations. Direct...
Presented below are incomplete manufacturing cost data. Determine the missing amounts for three different situations. Direct Materials Used Direct Labor Used Factory Overhead Total Manufacturing Costs g $41,000 $63,600 $53,400 $ (2) $ $78,200 $142,000 $298,000 ཉེ $58,100 $ $112.000 $311,000
E1.11 (LO 3), AN Incomplete manufacturing cost data for Horizon Company for 2020 are presented as...
E1.11 (LO 3), AN Incomplete manufacturing cost data for Horizon Company for 2020 are presented as follows for four different situations, rea factured Total Direct Materials Used (1) $117.000 (c) 80,000 (4) 70,000 Direct Labor Used $140,000 200,000 100,000 Manufac- turing Overhead $ 87,000 132.000 (e) 75,000 Manufac- turing Costs S (a) 450,000 265,000 288,000 Work in Process 1/1 $33.000 (d) 60,000 45,000 Work in Process 12/31 S (b) 40,000 80.000 (h) Cost of Goods Manufae tured $360,000 470,000 270,000...
Brief Exercise 1-10 Presented below are incomplete manufacturing cost data. Determine the missing amounts for three...
Brief Exercise 1-10 Presented below are incomplete manufacturing cost data. Determine the missing amounts for three different situations. Direct Materials Used Direct Labor Used Total Manufacturing Costs $41,500 (1) (2) s (3) $65,000 $76,000 Factory Overhead $52,200 $143,000 $297,000 $59,000 $ $113,000 $311,000 LINK TO TEXT Determine the missing amounts. Total Manufacturing Costs Work in Process (January 1) $124,000 Cost of Goods Manufactured Work in Process (December 31) $85,900 $98,700 $323,800 $297,000 $ $311,000 $465,000 $719,000
Brief Exercise 14-10 Presented below are incomplete manufacturing cost data. Determine the missing amounts for three...
Brief Exercise 14-10
Presented below are incomplete manufacturing cost data.
Determine the missing amounts for three different situations.
Direct
Materials
Used
Direct
Labor
Used
Factory
Overhead
Total
Manufacturing
Costs
(1)
$41,900
$62,500
$52,900
$
(2)
$
$76,000
$144,000
$300,000
(3)
$57,400
$
$115,000
$312,000
Determine the missing amounts.
Total
Manufacturing
Costs
Work
in Process
(January 1)
Work
in Process
(December 31)
Cost of
Goods
Manufactured
(1)
$
$122,000
$84,300
$
(2)
$300,000
$
$98,500
$324,500
(3)
$312,000
$467,000
$
$719,000
Incomplete manufacturing cost data for Horizon Company for 2020 are presented as follows for four different...
Incomplete manufacturing cost data for Horizon 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 (1) $118,900 $145,300 $91,100 $ $34,800 (b) $362,800 $ (a) I 451,400 (2) 205,300 137,100 (d) 45,200 471,200 (3) 82,900 103,600 269,100 63,400 85,200 (0) 74,800 (9) 77,200 289,800 47,900 (h) 272,900 Prepare...
Exercise 14-11 Incomplete manufacturing cost data for Horizon Company for 2020 are presented as follows for...
Exercise 14-11 Incomplete manufacturing cost data for Horizon Company for 2020 are presented as follows for four different situations. Your answer is partially correct. Try again. 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 $118,900 $145,300 $91,100 355,300|(a) $34,800 110,500 $362,800 (2) 109,000() 205,300 137,100 451,400 45,200 471,200 103,600 1 82,600(e) 269,100 63,400 85,200 82,900 74,800 T 137,800(0)...
Presented below are incomplete 2019 manufacturing cost data for Imani Corporation. 47) Manufacturi Total Manufactur ing Costs Direct Materi als Used $61,000 Direct Lab ng Overhe ad $54,000 or $72,00 0 $53,00 $90,000 $252,000 $96,000 $310,000 $53,000 48) Gabriel Manufacturing Company has the following data: $145,000 151,000 208,000 26,000 Direct labor Direct materials used Total manufacturing overhead Beginning work in process Instructions Compute (a) total manufacturing costs and (b) total cost of work in process
Presented below are incomplete manufacturing cost data. Determine the missing amounts for three different situations. Direct Materials Used Direct Labor Used Factory Overhead Total Manufacturing Costs g $41,000 $63,600 $53,400 $ (2) $ $78,200 $142,000 $298,000 ཉེ $58,100 $ $112.000 $311,000
E1.11 (LO 3), AN Incomplete manufacturing cost data for Horizon Company for 2020 are presented as follows for four different situations, rea factured Total Direct Materials Used (1) $117.000 (c) 80,000 (4) 70,000 Direct Labor Used $140,000 200,000 100,000 Manufac- turing Overhead $ 87,000 132.000 (e) 75,000 Manufac- turing Costs S (a) 450,000 265,000 288,000 Work in Process 1/1 $33.000 (d) 60,000 45,000 Work in Process 12/31 S (b) 40,000 80.000 (h) Cost of Goods Manufae tured $360,000 470,000 270,000...
Brief Exercise 1-10 Presented below are incomplete manufacturing cost data. Determine the missing amounts for three different situations. Direct Materials Used Direct Labor Used Total Manufacturing Costs $41,500 (1) (2) s (3) $65,000 $76,000 Factory Overhead $52,200 $143,000 $297,000 $59,000 $ $113,000 $311,000 LINK TO TEXT Determine the missing amounts. Total Manufacturing Costs Work in Process (January 1) $124,000 Cost of Goods Manufactured Work in Process (December 31) $85,900 $98,700 $323,800 $297,000 $ $311,000 $465,000 $719,000
Brief Exercise 14-10
Presented below are incomplete manufacturing cost data.
Determine the missing amounts for three different situations.
Direct
Materials
Used
Direct
Labor
Used
Factory
Overhead
Total
Manufacturing
Costs
(1)
$41,900
$62,500
$52,900
$
(2)
$
$76,000
$144,000
$300,000
(3)
$57,400
$
$115,000
$312,000
Determine the missing amounts.
Total
Manufacturing
Costs
Work
in Process
(January 1)
Work
in Process
(December 31)
Cost of
Goods
Manufactured
(1)
$
$122,000
$84,300
$
(2)
$300,000
$
$98,500
$324,500
(3)
$312,000
$467,000
$
$719,000
Incomplete manufacturing cost data for Horizon 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 (1) $118,900 $145,300 $91,100 $ $34,800 (b) $362,800 $ (a) I 451,400 (2) 205,300 137,100 (d) 45,200 471,200 (3) 82,900 103,600 269,100 63,400 85,200 (0) 74,800 (9) 77,200 289,800 47,900 (h) 272,900 Prepare...
Exercise 14-11 Incomplete manufacturing cost data for Horizon Company for 2020 are presented as follows for four different situations. Your answer is partially correct. Try again. 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 $118,900 $145,300 $91,100 355,300|(a) $34,800 110,500 $362,800 (2) 109,000() 205,300 137,100 451,400 45,200 471,200 103,600 1 82,600(e) 269,100 63,400 85,200 82,900 74,800 T 137,800(0)...
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