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Determine the missing amounts in each of the following independent cases. Case A Case B Case C 80,000 12,500 Beginning inventory, raw material Ending inventory,
Determine the missing amounts in each of the following independent cases.
Case A Case B Case C 80,000 12,500 Beginning inventory, raw material Ending inventory, raw material Purchases of raw material Direct material used Direct labor Manufacturing overhead Total manufacturing costs Beginn Ending inventory, work in process Cost of goods manufactured Beginning inventory, finished goods Cost of goods available for sale Ending inventory, finished goods Cost of goods sold Sales Gross margin Selling and administrative expenses Income before taxes Income tax expense Net income 190,000 250,000265,000 190,000 25,000 305,000 350,000 67,500 90,000 1,090,000 1,085,000220,000 550,000 ing inventory, work in process 80,000 70,000 3,500 225,000 115,000 1,070,000 150,000 130,000 245,000 17,500 1,140,000 1,030,000 340,000 520,000 520,000 245,000 350,000 90,000 55,000 151,000 32,500Step by Step Solution
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