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] E2-19 Calculating Missing Amounts and Cost of Goods Manufactured

E2-19 Calculating Missing Amounts and Cost of Goods Manufactured and Sold [LO 2-3, 2-4, 2-5, 2-6]

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 3 Case 2 Case 4 $ 100,000 Beginning raw materials $ $ 6,800 26,000 Raw material purchases 11,350 54,000 44,640 1,600 800 2,800 Indirect materials issued 1,100 Ending raw materials 1,400 3,650 94,300 13,700 Direct materials used 32,820 Direct labor 30,000 122,150 Manufacturing overhead 40,250 541,230 61,000 29,780 84,600 Total current manufacturing costs 94,400 Beginning work in process Ending work in process 36,600 102,420 48,000 237,700 42,850 91,025 830,900 Cost of goods manufactured 132,000 72,800 Beginning finished goods 78,000 52,300 Ending finished goods 77,000 30,400 398,300 Cost of goods sold 72,000 111,875 839,400

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

Principles Of Auditing

Authors: A. Pandu

1st Edition

8189630822, 978-8189630829

Students also viewed these Accounting questions

Question

2. Are my sources up to date?

Answered: 1 week ago