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II. Determined the missing amounts in each of the following independent cases. Sales Case C Case B ?(19) 240,000 Beg. Inventory,Raw Material Ending, Inventory,
II. Determined the missing amounts in each of the following independent cases. Sales Case C Case B ?(19) 240,000 Beg. Inventory,Raw Material Ending, Inventory, Raw Material 60,000 7,500 ?(20) 15,000 Purchases of Raw Material Direct Material Used 255,000 ?(25) 285,000 ?(26) Direct Labor 300,000 62,500 Manufacturing overhead ?(21) 80,000 Total Manufacturing Costs 1,035,000 170,000 Beginning Inventory, Work in Process 60,000 ?(27) Ending Inventory, Work in Process 105,000 2,500 Cost of goods manufactured ?(22) 175,000 Beginning inventory, Finished goods 120,000 ?(28) Cost of goods available for sale ?(23) 185,000 Ending Inventory, finished goods ?(24) 12,500 Cost of goods sold 990,000 ?(29) Gross Margin 510,000 ?(30)
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