Calculating Missing Amounts and Cost of Goods Manufactured and Sold
Required:
For each of the following independent cases (1–4), compute the missing values. Note: Complete the missing items in alphabetical order.
| Case 1 | Case 2 | Case 3 | Case 4 |
Beginning raw materials | $ 5,000 | e. | $ 20,000 | $110,000 |
Raw material purchases | 45,000 | 12,250 | 41,640 | o. |
Indirect materials issued | 1,000 | 1,000 | 1,500 | 2,000 |
Ending raw materials | 2,000 | 2,250 | i. | 93,500 |
Direct materials used | a. | 13,500 | 33,720 | n. |
Direct labor | 29,000 | f | j | 123,250 |
Manufacturing overhead applied | 52,000 | 40,350 | 31,080 | 541,730 |
Total current manufacturing costs | b. | 75,600 | 92,900 | m. |
Beginning work in process | 41,000 | 32,600 | k. | 102,520 |
Ending work in process | c. | g. | 41,250 | 236,100 |
Cost of goods manufactured | 139,000 | 79,800 | 89,225 | 825,900 |
Beginning finished goods | 72,000 | h. | 51,900 | p. |
Ending finished goods | 80,000 | 30,100 | l. | 397,200 |
Cost of goods sold | d. | 71,000 | 113,375 | 839,400 |
We need at least 10 more requests to produce the solution.
0 / 10 have requested this problem solution
The more requests, the faster the answer.