Cost of Goods Manufactured The following data apply to Newton Company and Alexander Company (two independent companies):

Required:
Fill in the unknowns for the two cases. (Hint: Indirect materials are not used in either company.)

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Raw materials inventory, January 1, 2009 Raw materials purchased Raw materials inventory, December 31, 2009 Manufacturing overhead (actual) Newton Company $ 1 21,000 6,000 Alexander Company $ 4,000 4 3,000 8,000 5 Manufacturing overhead (applied) 2 16,000 Selling and administrative expenses Work-in-process inventory, January 1, 2009 14,000 25,000 3 20,000 Work-in-process inventory, December 31, 2009 16,000 22,000 Direct (raw) materials used in production 15,000 6 Direct labor costs. 25,000 30,000 Cost of goods manufactured 49,000 55,000 Overapplied (or underapplied) manufacturing overhead (2,000) 4,000