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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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