Supply the missing data in the four cases below. Each case is independent of theothers. 4 Schedule
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4 Schedule of Cost of Goods Manufactured Direct materials Direct labor Manufacturing overhead. Total manufacturing costs. Beginning work in process inventory Ending work in process inventory Cost of goods Income Statement $6,000 $7,000 $2,000 16,000 31,500 $7,000 $2,000 $10,000 $9,000 $4,000 $8,000 $3,000 $21,000 7 $25,000 $18,000 2 $3,500 $2,000 $18,000 ? Sales.. Beginning finished goods inventory. .. Cost of goods manufactured Goods available for sale Ending finished goods inventory Cost of goods sold. . Gross margin. Selling and administrating expenses.. Net operating income $25,000 $40,000 $30,000 $50,000 $9,000 ? $16,000 31,500 $6,000 $18,000 $7,000 0 $4,000 $26,500 $9,000 $7,000 6 ? $18,000 2 $6,000 2 $10,000 $5,500 3,000 s
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Case 1 Case 2 Case 3 Case 4 Direct materials 7000 9000 6000 8000 Direct labor 2000 4000 ...View the full answer
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Related Book For
Managerial Accounting
ISBN: 9780073526706
12th Edition
Authors: Ray H. Garrison, Eric W. Noreen, Peter C. Brewer
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