Indicate the missing amount for each letter Direct Direct Labor Used Total Manuf

ID: 2329863 • Letter: I

Question

Indicate the missing amount for each letter Direct Direct Labor Used Total Manufacturing Costs Work in Process Work in Process 12/31 Materials Manufacturing Overhead Cost of Goods Manufactured Used 27,100b) $364,200 45,800 81,700 $118,800 $146,000 $91,400 $ $35,100 $ 356200 |) 452,500 268,200 290,300 203,300 137,800 475,500 111400 68800 83,700 102,600 61,000 247500 (f) 81900 75,800 77,900 47,900 275,100 136,600 63100 h) Your answer is partially correct. Prepare a condensed cost of goods manufactured schedule for situation (1) for the year ended December 31,2017. HORIZON COMPANY Cost of Goods Manufactured Schedule For the Year Ended December 31,2017 Work in Process, January 1 217700 Direct Materials 389700 Direct Labor 588500 Manufacturing Overhead 389000 Total Manufacturing Costs 1756900 Total Cost of Work in Process 159200 Less Work in Process, December 31 217700 Cost of Goods Manufactured 805300

Explanation / Answer

Answer

Working

Cost of Goods Manufactured Schedule

For the year ended December 31, 2017

SITUATION 1 data

Work in Process Jan 1

$ 35,100.00

Direct Materials

$ 118,800.00

Direct Labor

$ 146,000.00

Manufacturing Overhead

$ 91,400.00

E = B+C+D

Total Manufacturing costs

$ 356,200.00

F = A+E

Total cost of Work In Process

$ 391,300.00

Less: Work in Process Dec 31

$ 27,100.00

H = F - G

Cost of Goods manufactured

$ 364,200.00