Required Each case is independent. Solve for missing data in alphabetical order. (Hint: Refer to Exhibit 5.6,
Question:
Required
Each case is independent. Solve for missing data in alphabetical order. (Hint: Refer to Exhibit 5.6, p. 168 and the WIP table, p. 176.)
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Account Activity and Relationships Case A Case B Case C Case D Sales..... Direct materials Direct labor.. Total direct costs $85,000 (b) $110,000 (b) 15,000 21,000 (f) 21,000 5,000 (c) 20,000 (c) (a) 32,000 (e) 30,000 Conversion cost... Manufacturing overhead Current manufacturing costs (b) 26,000 (g) (g) 8,000 (d) 10,000 (f) (c) (e) 95,000 79,000 Work in process, beginning 7,000 10,000 (d) 21,000 Work in process, ending..... 5,000 (f) 21,000 (e) Cost of goods manufactured. (d) 32,000 (c) 82,000 Finished goods inventory, beginning 9,000 8,000 7,000 12,000 Finished goods inventory, ending. 6,000 (g) 8,000 (d) Cost of goods sold.... (e) 35,000 (b) 80,000 Gross profit.... (f) (a) 18,000 15,000 Selling and administrative expenses Net income.. 20,000 15,000 (a) (a) (g) 22,000 12,000 6,000
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