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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 $ 312 $ 984 $ 660
Purchases ? 4,200 3,000
Ending inventory 444 600 ?
Total material used 1,980 ? 2,640
Direct labor 3,480 5,760 4,800
Manufacturing overhead:
Indirect material 576 ? 720
Indirect labor 960 900 2,100
Other ? 1,200 2,040
Total manufacturing overhead 3,120 2,880 ?
Work in process inventories:
Beginning ? 540 1,560
Ending 420 ? 600
Finished goods inventories:
Beginning ? 2,400 480
Ending 2,010 720 1,980
Cost of goods manufactured 8,304 ? ?
Cost of goods sold 8,034 13,944 ?

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 $ 312 $ 984 $ 660
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 3,480 5,760 4,800
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 Answer

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