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Cost of Goods Manufactured and Sold The following data relate to three independent production periods of Riverside Manufacturing Company. Missing data are indicated by question

Cost of Goods Manufactured and Sold The following data relate to three independent production periods of Riverside Manufacturing Company. Missing data are indicated by question marks.

A B C
Materials:
Beginning inventory $ 260 $ 820 $ 550
Purchases ? 3,500 2,500
Ending inventory 370 500 ?
Total material used 1,650 ? 2,200
Direct labor 2,900 4,800 4,000
Manufacturing overhead:
Indirect material 480 ? 600
Indirect labor 800 750 1,750
Other ? 1,000 1,700
Total manufacturing overhead 2,600 2,400 ?
Work in process inventories:
Beginning ? 450 1,300
Ending 350 ? 500
Finished goods inventories:
Beginning ? 2,000 400
Ending 1,675 600 1,650
Cost of goods manufactured 6,920 ? ?
Cost of goods sold 6,695 11,620 ?

Using the above data, determine the missing amounts. (You should set up a schedule of cost of goods manufactured and sold, fill in the known data, and calculate the missing amounts.)

Do not use negative signs with any of your answers.

Schedule of Cost of Goods Manufactured and Sold
A B C
Direct Material:
Beginning materials inventory $ 260 $ 820 $ 550
Cost of materials purchased Answer Answer Answer
Cost of material available Answer Answer Answer
Less: Ending materials inventory Answer Answer Answer
Total material used Answer Answer Answer
Less: Indirect material used Answer Answer Answer
Direct material used Answer Answer Answer
Direct labor 2,900 4,800 4,000
Manufacturing overhead:
Indirect material Answer Answer Answer
Indirect labor Answer Answer Answer
Other manufacturing overhead Answer Answer Answer
Total manufacturing overhead Answer Answer Answer
Total manufacturing costs Answer Answer Answer
Add: Beginning work in process inventory Answer Answer Answer
Total cost of work in process Answer Answer Answer
Less: Ending work in process inventory Answer Answer Answer
Cost of goods manufactured Answer Answer Answer
Add: Beginning finished goods inventory Answer Answer Answer
Cost of goods available Answer Answer Answer
Less: Ending finished goods inventory Answer Answer Answer
Cost of goods sold Answer Answer

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