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E2-6 (Algo) Finding Unknown Values in the Cost of Goods Manufactured Report [LO 2-3, 2-6] Mulligan Manufacturing Company uses a job order cost system
E2-6 (Algo) Finding Unknown Values in the Cost of Goods Manufactured Report [LO 2-3, 2-6] Mulligan Manufacturing Company uses a job order cost system with overhead applied to products at a rate of 150 percent labor cost Required: Treating each case independently, selected from the manufacturing data given below, find the missing amounts. You shoul in the order listed. (Hint: For the manufacturing costs in Case 3, first solve for conversion costs and then determine how mu direct labor and how much is manufacturing overhead.) Note: Do not round your intermediate calculations. Round your final answers to the nearest whole dollar. Enter all amo positive values. Case 1 Case 2 Case 3 Direct materials used 10,000 12,900 Direct labor 12,000 Manufacturing overhead applied 13,000 Total current manufacturing costs 26,500 28,500 Beginning work in process inventory 8,900 8,700 Ending work in process inventory 4,200 9,800 Cost of goods manufactured 41,000 7,001 Beginning finished goods inventory 3,600 11,100 Ending finished goods inventory 8,600 5,300 Cost of goods sold 38.000 41.000
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