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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 to 4), compute the missing values. Note: Enter all amounts as positive values. Case 1 Case 2 Case 3 Case 4 Beginning raw materials $ 5,100 $ 27,000 $ 93,000 Raw materials purchases 50,000 10,950 48,640 Indirect materials issued 600 2,200 1,400 3,400 Ending raw materials 1,100 2,950 94,500 Direct materials used 14,300 33,320 Direct labor 32,000 121,350 Manufacturing overhead applied 52,000 39,650 29,480 540,530 Total current manufacturing costs 84,600 93,400 Beginning work in process 50,000 41,600 101,020 Ending work in process 42,650 237,100 Cost of goods manufactured 132,000 72,800 91,025 828,900 Beginning finished goods 79,000 53,700 Ending finished goods 74,000 31,800 398,800 Cost of goods sold 74,000 112,175 842,400
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