Incomplete manufacturing cost data for Mabry Company for 2011 are presented as follows for four different situations.
Question:
Instructions
(a) Indicate the missing amount for each letter.
(b) Prepare a condensed cost of goods manufactured schedule for situation (1) for the year ended December 31,2011.
Transcribed Image Text:
Total Cost of Direct Materials Dirct Manufac Manufc Work in Work in Goods Labor Used Overhead ring turing Process Process Manufac- Costs$360,000 $40,000 470,000 270,000 12/31 tured Used (1) $127,000 $140,000 77,000 200,000 132,000 $450,000 $33,000 (3) 80,000 100,000 (4) 70,000 (g) 245,000 60,000 80,000 288,000 45,000 75,000
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a a 127000 140000 77000 344000 b 344000 33000 360000 17000 c 450...View the full answer
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Managerial Accounting Tools for business decision making
ISBN: 978-0470477144
5th edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
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