Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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

image text in transcribed

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 $ 5,400 $ 22,000 $100,000 52,000 11,650 44,640 1,000 2,400 1,200 2,400 Ending raw materials 1,500 3,450 94,000 Direct materials used 15,500 32,420 Direct labor 37,000 122,650 Manufacturing overhead 53,000 38,950 30,580 541,630 Total current manufacturing costs 84,600 93,300 Beginning work in process 43,000 35,600 100,820 Ending work in process 41,550 236,800 Cost of goods manufactured 134,000 69,800 90,725 828,900 Beginning finished goods 78,000 53,100 Ending finished goods 71,000 31,200 397,500 Cost of goods sold 79,000 112,775 847,400

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_2

Step: 3

blur-text-image_3

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 Theory and Analysis Text and Cases

Authors: Richard G. Schroeder, Myrtle W. Clark, Jack Cathey

11th edition

9781118806500, 1118582799, 1118806506, 978-1118582794

More Books

Students also viewed these Accounting questions