Question

Company 4 $130,500 220,800 34,600 4-9 Inventory cost flows (LO 3) The following information is taken from the accounting records of four different companies. Provide the missing amounts. Assume there are no indirect materials used in the company's finished product. Company 1 Company 2 Company 3 Direct Materials Inventory beginning s 15.000 2 $ 6,000 Purchases of direct materials 72593.200 5 1600 Total direct materials available for use 3 94,000 lode 101.300 ? Direct Materials Inventory, ending Direct materials used in production ? 4 05 00 71.200 navn ? Direct labor 212,000m ? nie nad 25,000 Total manufacturing overhead 254,400 ,0 97,500 1000 64,300 Total manufacturing cost 281740 195,000 138,300 Beginning Work in Process Inventory 2411 006 147,500 38,000 Ending Work in Process Inventory 43,700 Cost of goods manufactured 817,400 103,450 Finished Goods Inventory, beginning 35,000 Cost of goods available for sale 2 852400 393,000 140,050 Finished Goods Inventory, ending Cost of Goods Sold 796,400 108,400 324,400 913,200 49,900 920,300 36,000 ? 2.776000 14,600 42,400

please explain your result

Answer 1

Arte Date solution to cuestion No. Company 2) Company 3($) Company 1 ) 8,100 15,000 6000 130 51,600 2203 sy beginning 23,200 101,300 57,600 3513 30,100 3,600 1346 71; 200 | 49,000 /31675 26,300 25000 32466 91,500 64,300 272,160 195000 138,300 913201 Direct Materials Inventory beginning / Porchase of direct ADEO materials - - - - Total direct matoials available for use 394,000 Direct Materials Inventras 26,000 ending Direer Materides used 368,000 in production Direct Labar 212,000 Total manufacturing Ovechead 254,400 Total Manu facturing Cost J 834,400 Beginning Work in Pored Inventory 32,000 Ending work in process Inventory Cost of goods manu- factured 817,400 Finished Goods Inventory beginning 35,000 Cost of goods available for sale Finished Goods Inventorn 56.000 Ending Cost of Goods sold 796,400 147,500 138,000 57.000 1 43700 72,850 49,900 49,000 ' 298,800 1103,450 920,300 94,200 36600 36.000 393,000 140.050 956,30 14,600 31,650 42,407 378,400 108,400/913,900 852 400

classmate Date par 1 Working Note! - u No I- D Pwich ase of Direct Matconal - Total Direct Materials available for use - Direct Materials anventory beginning = 394,000 - 15,000 $ 379.000 300 2 Direct Materials used in production L = Total direct Materials available for use - Direct Materials Inventory Ending - 394,000 26,000 = 368.000 Manufacturine To tell Manu factoring Cook- Direct Materials & Direct Labort Ovechead = 368,000+ 212,000 +254, 400 - $334,400 4) Beginning Work-in- Process = = cost of Goods Manufactured of Ending Work in process - Total Manufachain, cost = 817,400 + 49,000 - 834,400 $ 32,000 5 cost of Goods Available for saba Cost of Goods manufactured & finuhed Goods. Inventory beginning = 817,400 + 35,000 - $ 852,900 6) Finished Goods goventary Ending m Cost of goods a nd available for sale - Copt of Goods solda 852, 400 - 796,400=56,000

Company No-2:- Direct Marouars, Irmentor beginning - Total Diseat materials available for uso - Porchase of Direct matouals 101,300 - 93,207 8,109 2) Direct Materials tuedin Production Invention Ending = Total direab matouans available for use - Direct materials used in producto = 101,300 - 71,200 -8 30,100 Direct Labor- Total Manufacturing Cost- 1 Direct materials - Manufacturing Vogehad 3 6 4 = 195,000 – 71,200 - 97500 = $ 26,300 Finished Goods Inventory beginning = Cost of Goods available for sale a of goods manufactured 3 393,000 - 298,800 = 894200 cost Company No:- 3 - 1 Direct Materials used id Production - Total Manufacturing Coast - Manufachoing Quoachen - Direct Labor 138,300 - 64,300 - 25,000 = 8 49000 2) Finished Goods Inventory beginning a = 140,050 - 103,450 $ 36,6600

classmate Date poge Company No-4 :- D Beginning wook-in Peng o Process Inventory 920.300 +49,900 - 913,200 57000