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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 $ 5,600 $ 27,000 $ 105,000 Raw material purchases 50,000 10,250 48,640 Indirect materials issued 700 1,000 1,100 2,700 Ending raw materials 1,000 3,150 95,400 Direct materials used 15,400 32,320 Direct labor 34,000 122,250 Manufacturing overhead 58,000 39,350 29,280 541,030 Total current manufacturing costs 80,600 93,300 Beginning work in process 42,000 39,600 102,520 Ending work in process 41,950 236,500 Cost of goods manufactured 130,000 78,800 90,525 835,900 Beginning finished goods 79,000 53,800 Ending finished goods 72,000 30,900 399,000 Cost of goods sold 78,000 111,775 848,400
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