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P2.55B (LO 2) Incomplete manufacturing costs for the month of June are as follows: Materials Work in Process Finished Goods Purchases Beginning Inventory Ending Inventory

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P2.55B (LO 2) Incomplete manufacturing costs for the month of June are as follows: Materials Work in Process Finished Goods Purchases Beginning Inventory Ending Inventory Direct Materials Used Direct Labour Manufacturing Overhead (including indirect materials of $20,000) Transferred to Finished Goods Cost of Goods Sold $150,000 28,000 38,000 30,000 125,000 $25,000 145,000 Sales were $780,000 for the month. Sales prices are determined by a markup on manufacturing cost of 30%. The costs of new inputs to the manufacturing process during the month were $498,000. Instructions a. Calculate the missing values in the above schedule

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