Incomplete manufacturing cost data for Hollis Company for 2002 are presented as follows.

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. 2002.

Transcribed Image Text:

Direct Direct Materials Labor Work in Work in Cost of Total Manufacturing Manufacturing Process Process Goods Manufactured Used Used Overhead Costs 1/1 12/31 (1) $117,000 $140,000 (2) (c) 200,000 $ 77,000 (a) $30,000 (b) $360,000 (3) 80,000 100,000 (4) 70,000 132,000 (e) $440,000 (d) $40,000 470,000 255,000 60,000 80,000 (f) 75,000 294.000 45,000 (h) 270,000