Answered step by step
Verified Expert Solution
Question
1 Approved Answer
E2-19 Calculating Missing Amounts and Cost of Goods Manufactured and Sold [LO 2-3, 2-4, 2-5, 2-6] For each of the following independent cases (1-4), compute
E2-19 Calculating Missing Amounts and Cost of Goods Manufactured and Sold [LO 2-3, 2-4, 2-5, 2-6] For each of the following independent cases (1-4), compute the missing values. (Enter all amounts as positive values.) Case 1 Case 2 Case 3 Case 4 Beginning raw materials $ 5,900 $ 26,000 $ 107,000 Raw material purchases 49,000 11,150 44,640 Indirect materials issued 900 2,300 1,500 2,300 Ending raw materials 1,400 2,750 94,600 Direct materials used 13,500 33,720 38,000 123,150 58,000 39,250 30,380 541,330 85,600 93,600 42,000 39,600 Direct labor Manufacturing overhead Total current manufacturing costs Beginning work in process Ending work in process Cost of goods manufactured Beginning finished goods Ending finished goods Cost of goods sold 100,820 236,400 41,850 135,000 77,800 91,225 827,900 79,000 52,900 79,000 31,300 399,200 80,000 111,575 847,400
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started