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Exercise 2.32 Manufacturing cost data for Criqui Company are presented below: Provide the missing amounts. Case...

Exercise 2.32

Manufacturing cost data for Criqui Company are presented below:

Provide the missing amounts.

Case A Case B Case C
Direct materials used $ (a) $70,000 $130,000
Direct labour 53,100 86,600 (g)
Manufacturing overhead 46,100 81,600 101,500
Total manufacturing costs 175,600 (d) 274,000
Work in process (1/1/20) (b) 15,700 (h)
Total cost of work in process 222,000 (e) 335,900
Work in process (12/31/20) (c) 13,000 90,800
Cost of goods manufactured 180,435 (f) (i)
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Answer #1
pariculars case A case B case C
1 Direct materials 76400 70000 130000
2 direct labour 53100 86600 42500
3 manufacturing overhead 46100 81600 101500
4 total manufacturing costs(1+2+3) 175600 238200 274000
5 ADD:opening work in process 46400 15700 61900
6 total cost of work in process(4+5) 222000 253900 335900
7 Less:closing work in process 41565 -13000 -90800
8 cost of goods manufacutred(6-7) 180435 240900 245100
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