Incomplete manufacturing costs, expenses, and selling data fortwo different case
ID: 2433292 • Letter: I
Question
Incomplete manufacturing costs, expenses, and selling data fortwo different cases are as follows.
Indicate the missing amount for each letter.
Case
1
2
Direct Materials Used
$ 7,600
G $
Direct Labor
5,000
8,000
Manufacturing Overhead
8,000
4,000
Total Manufacturing Costs
A
18,000
Beginning Work in Process Inventory
1,000
H
Ending Work in Process Inventory
B
3,000
Sales
24,500
I
Sales Discounts
2,500
1,400
Cost of Goods Manufactured
17,000
22,000
Beginning Finished Goods Inventory
C
3,300
Goods Available for Sale
18,000
J
Cost of Goods Sold
D
K
Ending Finished Goods Inventory
3,400
2,500
Gross Profit
E
7,000
Operating Expenses
2,500
L
Net Income
F
5,000
Prepare a condensed cost of goods manufactured schedule for Case1. (List amounts from largest tosmallest eg 10, 5, 3, 2.)
CASE 1
Cost of Goods Manufactured Schedule
$
Total manufacturing costs
Total cost of work in process
Less:
Cost of goods manufactured
$
Case
1
2
Direct Materials Used
$ 7,600
G $
Direct Labor
5,000
8,000
Manufacturing Overhead
8,000
4,000
Total Manufacturing Costs
A
18,000
Beginning Work in Process Inventory
1,000
H
Ending Work in Process Inventory
B
3,000
Sales
24,500
I
Sales Discounts
2,500
1,400
Cost of Goods Manufactured
17,000
22,000
Beginning Finished Goods Inventory
C
3,300
Goods Available for Sale
18,000
J
Cost of Goods Sold
D
K
Ending Finished Goods Inventory
3,400
2,500
Gross Profit
E
7,000
Operating Expenses
2,500
L
Net Income
F
5,000