Fill in the missing data for company C. Direct Materials Used.........................................$9000 Direct Labor Cost............................................ $4000 Overhead:......................................................... (a)
Question:
Direct Materials Used.........................................$9000
Direct Labor Cost............................................ $4000
Overhead:......................................................... (a)
Total Manufacturing Costs.............................. $25,000
Work In Process Jan 1...................................... $1,000
Work In Process Dec 31.................................... $3500
Sales Revenue.............................................. $40,000
Finished Goods Jan 1........................................... (b)
Cost of Goods Manufactured................................. (c)
Cost of Goods available for Sale ............................. (d)
Finished Goods Dec 31.................................... $4000
Cost of Goods Sold...................................... $26,500
Gross Margin.................................................... (e)
Operating Expenses............................................. (f)
Net Operating Income..................................... $5500
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Related Book For
Principles of Accounting
ISBN: 978-1133626985
12th edition
Authors: Belverd E. Needles, Marian Powers and Susan V. Crosson
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