Incomplete manufacturing costs, expenses, and selling data for two different cas
ID: 2371621 • Letter: I
Question
Incomplete manufacturing costs, expenses, and selling data for two different cases are as follows.
(A.) Indicate the missing amount for each letter
Case
1
2
Direct Materials Used
$7,218
$ (G)
Direct Labor
5,444
8,001
Manufacturing Overhead
8,393
3,916
Total Manufacturing Costs
(A)
18,231
Beginning Work in Process Inventory
1,806
(H)
Ending Work in Process Inventory
(B)
3,100
Sales
24,230
(I)
Sales Discounts
2,593
1,040
Cost of Goods Manufactured
16,595
22,392
Beginning Finished Goods Inventory
(C)
3,502
Goods Available for Sale
17,650
(J)
Cost of Goods Sold
(D)
(K)
Ending Finished Goods Inventory
3,485
2,372
Gross Profit
(E)
6,621
Operating Expenses
2,910
(L)
Net Income
(F)
4,522
Case
1
2
Direct Materials Used
$7,218
$ (G)
Direct Labor
5,444
8,001
Manufacturing Overhead
8,393
3,916
Total Manufacturing Costs
(A)
18,231
Beginning Work in Process Inventory
1,806
(H)
Ending Work in Process Inventory
(B)
3,100
Sales
24,230
(I)
Sales Discounts
2,593
1,040
Cost of Goods Manufactured
16,595
22,392
Beginning Finished Goods Inventory
(C)
3,502
Goods Available for Sale
17,650
(J)
Cost of Goods Sold
(D)
(K)
Ending Finished Goods Inventory
3,485
2,372
Gross Profit
(E)
6,621
Operating Expenses
2,910
(L)
Net Income
(F)
4,522
Explanation / Answer
A- 21,055
B- 6,266
C- 1,055
D- 14,165
E- 7,472
F- 4,562
G- 6,314
H- 7,261
I- 31,183
J- 25,894
K- 23,522
L- 2,099