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BUS2102-Spring 2019-Chapter 2 Fun & Exciting Exercises Always show your work when doing fun & exciting exercises! Question 1) Supply the missing data in the four cases below. Each case is independent of the others. Case ICase 2 Case 3 Case 4 Direct materials Direct labor Manufacturing overhead Total manufacturing costs Beginning work in process inventory Ending work in process inventory Cost of goods manufactured S 14000 5 9,000,$6.000 4,000 20,000 4,000 G 25,000-13K $ 8,000 5,000 31,000 7,000 18,00o 1,000 8,000 $ 36,000 4,000 16,000 $48,500 Sales Beginning finished goods inventory Cost of goods manufactured Goods available for sale Ending finished goods inventory Cost of goods sold Gross margin Selling and administrative expenses 0,00040:000 12,000 36,000 $40,000 $30,000 7,000 16,000 $70,000 9,000 500 4,000 7,000 26,500 10,000 Net operating income s 5,500 3,000 A-38,0 o B- 6,000 C- 48,000 D 30,0oo F 3,600 G 12,000
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Case 1 Case 2 Case 3 Case 4 14000 4000 Direct materials Direct Labour Manufacturing overhead appilied 20000 Total Manufacturing cost Beginning Work in process Ending Work in process Cost of Goods manufactured 8000 4000 7000 18000 2000 31000 25000 1000 3500 4000 48500 8000 36000 16000 Sales Beginning finished goods inventory Cost of goods manufacured Goods available for sale Ending inventory Cost of goods sold Gross margin Selling and administration Expenses Net operating income 30000 7000 16000 70000 12000 36000 48500 4000 26500 18000 7000 18000 12000 10000 5500 3000A = 38000 J = 22500 B= 6000 C= 48000 D=30000 E-20000 N-5000 F 8000 G=12000 P=25000 H 22500 7000 I 8000 S = 9000 T= 44000 K=30500 L13500 U 8500 M = 8000 V 57500 w-50500 X = 19500 Y=9500 O 4000 R 12000

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