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a) (a) Your Answer Correct Answer (Used) Indicate the missing amount for each letter. Case 1 2 2 Direct materials used $9,700 $ 4.010 Direct
a) (a) Your Answer Correct Answer (Used) Indicate the missing amount for each letter. Case 1 2 2 Direct materials used $9,700 $ 4.010 Direct labor 5,100 8,170 Manufacturing overhead 8,900 4,130 Total manufacturing costs 23,700 (a) 16,310 Beginning work in process inventory 1,240 10.650 (h) Ending work in process inventory 7.110 (b) 3,980 Sales revenue 25.680 32.010 (i) 2,910 1,500 Sales discounts Cost of goods manufactured 17,830 22,980 Beginning finished goods inventory 4,560 (c) 3,550 Goods available for sale 22,390 26,530 ) Cost of goods sold 18.640 (d) 23,190 ) (k) Ending finished goods inventory 3,750 3,340 Gross profit 4,130 7,320 Operating expenses 3,200 2,130 (0) Net income 930 5,190 (f) (b) Your answer is partially correct. Prepare a condensed cost of goods manufactured schedule for Case 1. CASE 1 Cost of Goods Manufactured Schedule Work in Process Inventory, Beginning $ Direct Materials $ Manufacturing Overhead Total Manufacturing Costs Work in Process Inventory. Beginning Total Cost of Work in Process Idi Less : Work in Process Inventory. Ending Cost of Goods Manufactured $
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