Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

For each of the following independent cases (1 to 4), compute the missing values. (Enter all amounts as positive values.) Case 1 Case 2

image text in transcribed

For each of the following independent cases (1 to 4), compute the missing values. (Enter all amounts as positive values.) Case 1 Case 2 Case 3 Case 4 Beginning raw materials $ 6,900 $ 7,600 $ 21,000 $ 104,000 Raw materials purchases 55,000 11,450 41,640 Indirect materials issued 1,000 2,600 1,100 3,600 Ending raw materials. 1,700 2,550 93,500 Direct materials used 59,200 13,900 32,320 Direct labor 39,000 27,450 121,850 Manufacturing overhead applied 57,000 40,250 31,080 541,230 Total current manufacturing costs 155,200 81,600 94,600 Beginning work in process 47,000 36,600 102,120 S Ending work in process 64,200 44,400 43,150 237,600 Cost of goods manufactured 138,000 73,800 89,625 827,900 Beginning finished goods 80,000 119,000 52,300 Ending finished goods 79,000 30,800 398,200 Cost of goods sold 139,000 76,000 111,775 843,400

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

Step: 3

blur-text-image

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

Payroll Accounting 2016

Authors: Jeanette Landin, Paulette Schirmer

2nd edition

978-1259821950, 1259821951, 1259572196, 978-1259572197

More Books

Students also viewed these Accounting questions

Question

how did you get the numbers?

Answered: 1 week ago