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please answr, thanks. #2 Required: Supply the missing data in the following cases. Each case is independent of the others. Case 1 2 3 Direct
please answr, thanks. #2
Required: Supply the missing data in the following cases. Each case is independent of the others. Case 1 2 3 Direct materials $ 6,000 $ 7,500 6,500 20,000 4,000 4,500 19,500 31,000 2,500 19,500 22,000 7,500 $ 4,500 5,500 17,500 2,750 2,500 17.750 28,500 4,000 17.750 6,500 $ 8,500 6,500 21,500 4,500 5,500 20,500 37,500 Direct labour Manufacturing overhead Total manufacturing costs Beginning work-in-process inventory Ending work-in-process inventory Cost of goods manufactured Sales Beginning finished goods inventory Cost of goods manufactured Goods available for sale Ending finished goods inventory Cost of goods sold Gross margin Operating expenses Net income 4,500 5,500 10,500 20,500 16,750 3,750 16,750 41,500 20,500 24,000 5,000 3,000 5,500 50% 35% 4,950 $ 5,500 $ 8,000 $ 10,500 Step by Step Solution
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