accounting 26 edition ex 21-7 high low method

Complete the cost schedule, identifying each cost by the appropriate . mying each cost by the appropriate letter w EX 21-7 High-low method OBJ. 1 Diamond Inc. has decided to use the high-low method to esta the fixed and variable cost components of the total cost. ed to use the high-low method to estimate the total cost and components of the total cost. The data for various levels of production are as follows: Units Produced Total Costs 12,000 $424,000 15,000 496,000 21,000 640,000 S SSSSS Cost of goods manufactured Cost of finished goods available for sale Finished goods inventory, June 30 Cost of goods sold $ 61,600 329,000 (a) 72,800 (b) $ 46,200 (c) $260,400 61,600 (d) (e) 484,800 $540,000 (f) $513,600 EX 18-15 Statement of cost of goods manufactured for a manufacturing company Cost data for Mix-A-Lot Manufacturing Company for the month ended Mar are as follows: y costs any for the month ended March 31, 2016, Inventories Materials Work in process Finished goods March 1 $315,000 214,200 163,800 March 31 $277,200 239,400 189,000 $567,000 604,800 Direct labor Materials purchased during May Factory overhead incurred during May: Indirect labor Machinery depreciation Heat, light, and power Supplies Property taxes Miscellaneous costs 60,480 36,000 12,600 10,080 8,820 16,380 a. Prepare a cost of goods manufactured statement for March 2016. b. Determine the cost of goods sold for March 2016