Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Mulligan Manufacturing Company uses a job order cost system with overhead applied to products at a rate of 150 percent of direct labor cost

image text in transcribed

Mulligan Manufacturing Company uses a job order cost system with overhead applied to products at a rate of 150 percent of direct labor cost Required: Treating each case independently, selected from the manufacturing data given below, find the missing amounts. You should do them in the order listed. (Hint: For the manufacturing costs in Case 3, first solve for conversion costs and then determine how much of that is direct labor and how much is manufacturing overhead) (Do not round your intermediate calculations. Round your final answers to the nearest whole dollar. Enter all amounts as positive values.) Case 1 Case 2 Case 3 Direct material used Direct labor 19,000 9,300 18,000 Manufacturing overhead applied 11,500 Total current manufacturing costs 28,000 27,600 Beginning work in process inventory 8,900 7,800 Ending work in process inventory 5.200 9,400 Cost of goods manufactured 40,000 6,001 Beginning finished goods inventory 4.200 10,700 Ending finished goods inventory 8,200 5,200 Cost of goods sold 34,000 36,000

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

Fundamental Accounting Principles Volume II

Authors: Larson Kermit, Jensen Tilly

14th Canadian Edition

71051570, 0-07-105150-3, 978-0071051576, 978-0-07-10515, 978-1259066511

More Books

Students also viewed these Accounting questions

Question

Why are normalizing adjustments appropriate?

Answered: 1 week ago