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Chap 2 Homework 1 166 points Mulligan Manufacturing Company uses a job order cost system with overhead applied to products at a rate of
Chap 2 Homework 1 166 points Mulligan Manufacturing Company uses a job order cost system with overhead applied to products at a rate of 150 percent of direct labor cost. Required: Treating each case independently, selected from the manufacturing data given below, find the missing amounts. You should do them in the order listed. (Hint: For the manufacturing costs in Case 3, first solve for conversion costs and then determine how much of that is direct labor and how much is manufacturing overhead) (Do not round your intermediate calculations. Round your final answers to the nearest whole dollar. Enter all amounts as positive values.) abook Case 1 Case 2 Case 3 Direct material used 15,000 11,700 Hin Direct labor 13,000 Manufacturing overhead applied 19,500 12,000 Total current manufacturing costs 47,500 25,000 31,200 P Beginning work in process inventory 9.600 8,400 Ending work in process inventory 5,300 9,700 Cost of goods manufactured 51,800 49,000 15,001 References Beginning finished goods inventory 3,100 11,500 Ending finished goods inventory 8,300 5,900 Cost of goods sold 46,000 32.000 42,000
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