Question
Incomplete manufacturing costs, expenses, and selling data for two different cases are as follows. (A.) Indicate the missing amount for each letter Case 1 2
Incomplete manufacturing costs, expenses, and selling data for two different cases are as follows.
(A.) Indicate the missing amount for each letter
| Case | |
| 1 | 2 |
Direct Materials Used | $7,218 | $ (G) |
Direct Labor | 5,444 | 8,001 |
Manufacturing Overhead | 8,393 | 3,916 |
Total Manufacturing Costs | (A) | 18,231 |
Beginning Work in Process Inventory | 1,806 | (H) |
Ending Work in Process Inventory | (B) | 3,100 |
Sales | 24,230 | (I) |
Sales Discounts | 2,593 | 1,040 |
Cost of Goods Manufactured | 16,595 | 22,392 |
Beginning Finished Goods Inventory | (C) | 3,502 |
Goods Available for Sale | 17,650 | (J) |
Cost of Goods Sold | (D) | (K) |
Ending Finished Goods Inventory | 3,485 | 2,372 |
Gross Profit | (E) | 6,621 |
Operating Expenses | 2,910 | (L) |
Net Income | (F) | 4,522 |
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