E1-11 Incomplete manufacturing cost data for Horizon Company for 2017 are presented as follows for four different situations. Direct Materials Used (1) $117,000 Direct Labor Used $140,000 200,000 100,000 (g) Manufac- turing Overhead $ 87,000 132,000 (e) 75,000 Total Manufac- turing Costs $ (a) 450,000 265,000 288,000 Work in Process 1/1 $33,000 (d) 60,000 45,000 Work in Process 12/31 $ (b) 40,000 80,000 (h) Cost of Goods Manufac- tured $360,000 470,000 (f) 270,000 (2) (3) (4) (c) 80,000 70,000 Instructions (a) Indicate the missing amount for each letter. (b) Prepare a condensed cost of goods manufactured schedule for situation (1) for the year ended December 31, 2017.

E1-12 Cepeda Corporation has the following cost records for June 2017.

Indirect factory labor Direct materials used Work in process, 6/1/17 Work in process, 6/30/17 Finished goods, 6/1/17 Finished goods, 6/30/17

Instructions

$ 4,500 20,000 3,000 3,800 5,000 7,500

Factory utilities Depreciation, factory equipment Direct labor Maintenance, factory equipment Indirect materials Factory managers salary

$ 400 1,400 40,000 1,800 2,200 3,000

(a) Prepare a cost of goods manufactured schedule for June 2017. (b) Prepare an income statement through gross profit for June 2017 assuming sales revenue

is $92,100.

E1-11 Incomplete manufacturing cost data for Horizon Company for 2017 are presented as follows for four different situations. Cost of Direct Manufac- Manufac- Work in Workin Goods Process Process Manufac- Total Direct turing Costs Materials Labor turing Used Used Overhead 12/31 tured $33,000 $ (b) $360,000 470,000 (1) $117,000 $140,000 $ 87,000 (a) 450,000 265,000 40,000 60,00080,000 200,000 132,000 (3) 80,000 100,000 (4) 70,000 Instructions (a) Indicate the missing amount for each letter. (b) Prepare a condensed cost of goods manufactured schedule for situation (1) for the 75,000 288,000 45,000(h) 270,000 year ended December 31, 2017