Question

Problem 19-03A a-c (Video) Incomplete manufacturing costs, expenses, and selling data for two different cases are as follows.

Indicate the missing amount for each letter. Case 1 2 Direct materials used $10,010 $ (g) Direct labor 5,150 8,800 Manufacturing overhead 8,660 4,280 Total manufacturing costs (a) 16,780 Beginning work in process inventory 1,510 (h) Ending work in process inventory (b) 3,630 Sales revenue 25,000 (i) Sales discounts 2,820 1,710 Cost of goods manufactured 17,980 22,240 Beginning finished goods inventory (c) 4,250 Goods available for sale 22,370 (j) Cost of goods sold (d) (k) Ending finished goods inventory 3,750 3,270 Gross profit (e) 7,330 Operating expenses 2,930 (l) Net income (f) 5,770 LINK TO TEXT

Prepare a condensed cost of goods manufactured schedule for Case 1. CASE 1 Cost of Goods Manufactured Schedule Cost of Goods ManufacturedDirect LaborDirect MaterialsManufacturing OverheadTotal Cost of Work in ProcessTotal Manufacturing CostsWork in Process Inventory, BeginningWork in Process Inventory, EndingCost of Goods Available for SaleCost of Goods SoldFinished Goods Inventory, BeginningFinished Goods Inventory, EndingGross ProfitNet Income / (Loss)Net SalesOperating ExpensesSales RevenueSales Discounts $ Cost of Goods ManufacturedDirect LaborDirect MaterialsManufacturing OverheadTotal Cost of Work in ProcessTotal Manufacturing CostsWork in Process Inventory, BeginningWork in Process Inventory, EndingCost of Goods Available for SaleCost of Goods SoldFinished Goods Inventory, BeginningFinished Goods Inventory, EndingGross ProfitNet Income / (Loss)Net SalesOperating ExpensesSales RevenueSales Discounts $ Cost of Goods ManufacturedDirect LaborDirect MaterialsManufacturing OverheadTotal Cost of Work in ProcessTotal Manufacturing CostsWork in Process Inventory, BeginningWork in Process Inventory, EndingCost of Goods Available for SaleCost of Goods SoldFinished Goods Inventory, BeginningFinished Goods Inventory, EndingGross ProfitNet Income / (Loss)Net SalesOperating ExpensesSales RevenueSales Discounts Cost of Goods ManufacturedDirect LaborDirect MaterialsManufacturing OverheadTotal Cost of Work in ProcessTotal Manufacturing CostsWork in Process Inventory, BeginningWork in Process Inventory, EndingCost of Goods Available for SaleCost of Goods SoldFinished Goods Inventory, BeginningFinished Goods Inventory, EndingGross ProfitNet Income / (Loss)Net SalesOperating ExpensesSales RevenueSales Discounts     Cost of Goods Manufactured    Direct Labor    Direct Materials    Manufacturing Overhead    Total Cost of Work in Process    Total Manufacturing Costs    Work in Process Inventory, Beginning    Work in Process Inventory, Ending    Cost of Goods Available for Sale    Cost of Goods Sold    Finished Goods Inventory, Beginning    Finished Goods Inventory, Ending    Gross Profit    Net Income / (Loss)    Net Sales    Operating Expenses    Sales Revenue    Sales Discounts     Cost of Goods ManufacturedDirect LaborDirect MaterialsManufacturing OverheadTotal Cost of Work in ProcessTotal Manufacturing CostsWork in Process Inventory, BeginningWork in Process Inventory, EndingCost of Goods Available for SaleCost of Goods SoldFinished Goods Inventory, BeginningFinished Goods Inventory, EndingGross ProfitNet Income / (Loss)Net SalesOperating ExpensesSales RevenueSales Discounts AddLess : Cost of Goods ManufacturedDirect LaborDirect MaterialsManufacturing OverheadTotal Cost of Work in ProcessTotal Manufacturing CostsWork in Process Inventory, BeginningWork in Process Inventory, EndingCost of Goods Available for SaleCost of Goods SoldFinished Goods Inventory, BeginningFinished Goods Inventory, EndingGross ProfitNet Income / (Loss)Net SalesOperating ExpensesSales RevenueSales Discounts Cost of Goods ManufacturedDirect LaborDirect MaterialsManufacturing OverheadTotal Cost of Work in ProcessTotal Manufacturing CostsWork in Process Inventory, BeginningWork in Process Inventory, EndingCost of Goods Available for SaleCost of Goods SoldFinished Goods Inventory, BeginningFinished Goods Inventory, EndingGross ProfitNet Income / (Loss)Net SalesOperating ExpensesSales RevenueSales Discounts $

Answer 1

Ans: Case L L $ 10,010 2 $3,7oo Direct materials used Direct labor $5,150 $8,800 $8,660 $4,080 manufactursing overhead $16,700 Total manufacturing costs Beginning work in process inventory Ending work in process inventory $23,8220 $1510 *8090 $7,350 $ 3,630 Sales revenue $25,000 $399,960 sales discounts $2,820 $1710 0 $17,980 ३२२,२५० $4,330 $4,250 $22,370 $26.490 cost of Goods manufactured Beginning finished goods inventory Goods available for sale Cost of Goods solel Euding finished goods inventory Gooss Profit operating expenses $18,620 $3,2220 $3,750 $3,270 $3,560 $ 7,330 $2,930 $1,560 Net Income $630 $5,770

CASEL $1510 Cast of Goods manufactured Schedule Work in process Inventory, Beginning Direct materials $10,010 $ 5,150 Dised labor manufacturing overcheved $8,660 Total manufacturing Costs $ 238,20 Total Cost $95,330 coook in process of Less' woote in poocess Inventody, B Ending Cost of Goods manufactured $7,350 $17,980

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