Incomplete Data; Manufacturing
Determine the missing amounts each of the following independent cases
| Case A | Case B | Case C |
Beginning inventory, raw material | ? | $ 20,000 | $15,000 |
Ending inventory, raw material | $ 90,000 | ? | $ 30,000 |
Purchases of raw material | 100,000 | 85,000 | ? |
Direct material | 70,000 | 95,000 | ? |
Direct labor | ? | 100,000 | 125,000 |
Manufacturing overhead | 250,000 | ? | 160,000 |
Total manufacturing costs | 520,000 | 345,000 | 340,000 |
Beginning inventory, work in process | 35,000 | 20,000 | ? |
Ending inventory, work in process | ? | 35,000 | 5,000 |
Cost of goods manufactured | 525,000 | ? | 350,000 |
Beginning inventory, finished goods | 50,000 | 40,000 | ? |
Cost of goods available for sale | ? | ? | 370,000 |
Ending inventory, finished goods | ? | ? | 25,000 |
Cost of goods sold | 545,000 | 330,000 | ? |
Sales | ? | ? | 480,000 |
Gross margin | 255,000 | 170,000 | ? |
Selling and administrative expenses | ? | 75,000 | ? |
Income before taxes | 150,000 | ? | 90,000 |
Income tax expense | 40,000 | 45,000 | ? |
Net income | ? | ? | 55,000 |
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