Account Activity and Relationships

Each case is independent. Solve for missing data in alphabetical order. (Hint: Refer to Exhibit 17.6, p. 804 and the WIP table, p. 812.)

		Case A	Case B	Case C	Case D
Sales		$340,000	Answer	440,000	Answer
Direct materials		60,000	84,000	Answer	84,000
Direct labor		20,000	Answer	80,000	Answer
Total direct costs		Answer	128,000	Answer	120,000
Conversion cost		Answer	104,000	Answer	Answer
Manufacturing overhead		32,000	Answer	40,000	Answer
Current manufacturing costs		Answer	Answer	380,000	316,000
Work in process, beginning		28,000	40,000	Answer	84,000
Work in process, ending		20,000	Answer	84,000	Answer
Cost of goods manufactured		Answer	128,000	Answer	328,000
Finished goods inventory, beginning		36,000	32,000	28,000	56,000
Finished goods inventory, ending		24,000	Answer	32,000	Answer
Cost of goods sold		Answer	140,000	Answer	320,000
Gross profit		Answer	Answer	72,000	60,000
Selling and administrative expenses		80,000	60,000	Answer	Answer
Net income		Answer	88,000	48,000	24,000