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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 with
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 of direct labor cost. Required: Treating each case independently, selected from the manufacturing data given below, find the missing amounts. You should do them in the order listed. (Hint: For the manufacturing costs in Case 3, first solve for conversion costs and then determine how much of that is 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 amounts as positive values. Case 1 Case 2 Case 3 Direct materials used 19.000 9,900 Direct labor 18,000 Manufacturing overhead applied 10,000 Total current manufacturing costs 27,500 28,800 Beginning work in process inventory 8,500 7,200 Ending work in process inventory 4,300 9,300 Cost of goods manufactured 45,000 13,001 Beginning finished goods inventory 4,900 10,400 Ending finished goods inventory 7,500 6,300 Cost of goods sold 36,000 41,000. Check
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