Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

For each of the following independent cases (14), compute the missing values Case 1 Case 2 Case 3 Case 4 Beginning Raw Materials 6,800 22,000

For each of the following independent cases (14), compute the missing values

Case 1 Case 2 Case 3 Case 4
Beginning Raw Materials 6,800 22,000 92,000
Raw materials Purchases 53,000 11,150 51,640
Indirect materials issued 800 1,300 1,200 3,500
Ending Raw Materials 1,800 3,150 94,100
Direct materials used 14,700 32,920
Direct labor 38,000 28,750 123,050
Manufacturing overhead 59,000 40,150 30,980 540,130
Total current manufacturing costs 83,600 94,700
Beginning work in process 51,000 38,600 101,820
Ending work in process 49,400 41,450 237,400
Cost of goods manufactured 134,000 72,800 91,125 828,900
Beginning finished goods 76,000 36,100 53,500
Ending finished goods 76,000 30,900 398,100
cost of goods sold 134,000 78,000 112,975 846,400

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

More Books

Students also viewed these Accounting questions