Mulligan Manufacturing Company uses a job order cost system with overhead applied to products at a...
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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.) Note: 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 materials used 18,000 13,200 Direct labor 17,000 Manufacturing overhead applied 11,500 Total current manufacturing costs 25,500 32,100 Beginning work in process inventory 10,000 7,400 Ending work in process inventory 4,700 10,000 Cost of goods manufactured 42,000 29,001 Beginning finished goods inventory 3,700 11,400 Ending finished goods inventory 7,100 5,800 Cost of goods sold 35,000 41,000 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.) Note: 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 materials used 18,000 13,200 Direct labor 17,000 Manufacturing overhead applied 11,500 Total current manufacturing costs 25,500 32,100 Beginning work in process inventory 10,000 7,400 Ending work in process inventory 4,700 10,000 Cost of goods manufactured 42,000 29,001 Beginning finished goods inventory 3,700 11,400 Ending finished goods inventory 7,100 5,800 Cost of goods sold 35,000 41,000
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