Answered step by step
Verified Expert Solution
Link Copied!

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),

image text in transcribed

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 Case3 Case 4 Beginning raw materials Raw material purchases Indirect materials issued Ending raw materials Direct materials used 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 $ 6,000 47,000 700 1,700 $ 21,000 $98,000 49,640 11.450 2,300 3,050 13,700 800 3,100 94,200 33,220 36,000 58,000 121,750 38,850 77,600 36,600 30,780 94,500 541,230 49,000 41,350 89,525 52,900 101,720 237,400 830,900 72,800 132,000 73,000 71,000 31,500 398,200 78,000 112,375 840,400

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting

Authors: David Perkins

4th Edition

111925700X, 978-1119257004

More Books

Students also viewed these Accounting questions