Question

Required: Supply the missing data in the following cases. Each case is independent of the others. Case 2 5,000 $ 3,500 6,500 $ 3,500 4,500 5,500 $ 7,500 4,500 9,500 5,500 19.000 3,000 20,500 3,500 2,250 1,500 3,250 18,500 Direct materials Direct labour Manufacturing overhead Total manufacturing costs Beginning work-in-process inventory Ending work-in-process inventory Cost of goods manufactured Sales Beginning finished goods inventory Cost of goods manufactured Goods available for sale Ending finished goods inventory Cost of goods sold Gross margin Operating expenses Net income 33.000 19,500 36,500 23,500 40,500 3,000 3,000 18,500 21,000 2.000 4,500 4,000 50% 40% 3,950 S 4.500 $ 6.000 s 9,500

Answer 1

	CASE
1($)	2($)	3($)	4($)
Direct Material	5000	6500	5500	3500
Direct Labour	8500	3500	7500	4500
Manufacturing Overhead	5500	4500	7500	9500
Total Manufacuring Cost	19000	14500	20500	17500
Beginning Work-in-process inventory	3000	2250	3500	4250
Ending Work-in-process inventory	3500	1500	4500	3250
Cost of goods Manufactured	18500	15250	19500	18500
Sales	33000	23500	36500	40500
Beginning finished goods inventory	3000	3000	3250	2500
Cost of goods Manufactured	18500	15250	19500	18500
Goods Available for Sale	21500	18250	22750	21000
Ending Finished goods inventory	1700	2000	4500	4000
Cost of Goods Sold	60%	69%	50%	42%
Gross Margine	40%	31%	50%	58%
Operating Expenses	8700	3950	12250	13990
Net income	4500	3335	6000	9500