Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

finished product The following i information is taken from the accounting records of four different companies. Provide the missing amounts. Assume there are no indirect

image text in transcribed
finished product The following i information is taken from the accounting records of four different companies. Provide the missing amounts. Assume there are no indirect materials used in the company's $15,000 Oirect Materials Inventory, beginning $6,000 $165,000 51,600 258,400 Purchases of direct materials Total direct materials available for use Direct Materials Inventory, ending Direct materials used in production Direct labor Total manufacturing overhead Total manufacturing cost 86,400 394,000 111,400 26,000 59,150 0,500 212,000 25,000 298,400 254,400 106,300 232,800 162,000 4,800 64,300 926,650 eginning Work in Process Inventory Ending Work in Process Inventory Cost of goods manufactured Finished Goods Inventory, beginning Cost of goods available for sale Finished Goods Inventory, ending Cost of Goods Sold 49,000 817,400 35,000 82,250 984,500 25,000 103,450 422,000 140,050 12,000 50,900 796,400 108,400

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

Managerial accounting

Authors: ramji balakrishnan, k. s i varamakrishnan, Geoffrey b. sprin

1st edition

471467855, 978-0471467854

More Books

Students also viewed these Accounting questions

Question

Prepare a report of your fi ndings.

Answered: 1 week ago

Question

Enhance the basic quality of your voice.

Answered: 1 week ago

Question

Describe the features of and process used by a writing team.

Answered: 1 week ago