Question
E2-21 (Algo) 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
E2-21 (Algo) 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 Raw material purchases Indirect materials issued $ 5,300 $ 26,000 $ 97,000 50,000 10,350 48,640 1,000 1,700 1,000 3,000 Ending raw materials 1,700 3,950 95,300 Direct materials used 13,700 33,620 Direct labor 29,000 121,450 Manufacturing overhead 55,000 40,150 30,680 540,330 Total current manufacturing costs 77,600 94,600 Beginning work in process 48,000 35,600 101,620 Ending work in process 42,050 236,500 Cost of goods manufactured i 138,000 75,800 90,425 831,900 Beginning finished goods 75,000 52,200 Ending finished goods 79,000 31,500 397,900 Cost of goods sold 74,000 111,475 840,400
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