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Problem 2-41 Incomplete Data; Manufacturing Costs (LO 2-2, 2-5) Determine the missing amounts in each of the following independent cases. (Enter all answers as positive
Problem 2-41 Incomplete Data; Manufacturing Costs (LO 2-2, 2-5)
Determine the missing amounts in each of the following independent cases. (Enter all answers as positive value.)
Case A Case B Case C $ 82,000 $ 13,000 26,000 Beginning inventory, raw material Ending inventory, raw material Purchases of raw material Direct material 191,000 255,000 195,000 266,000 307,000 355,000 Direct labor 555,000 1,095,000 81,000 68,000 91,000 225,000 1,090,000 71,000 116,000 3,600 230,000 Manufacturing overhead Total manufacturing costs Beginning inventory, work in process Ending inventory, work in process Cost of goods manufactured Beginning inventory, finished goods Cost of goods available for sale Ending inventory, finished goods Cost of goods sold Sales 1,072,000 155,000 131,000 251,000 18,000 1,145,000 1,034,000 350,000 521,000 Gross margin Selling and administrative expenses Income before taxes 521,000 247,000 355,000 56,000 Income tax expense 91,000 152,000 Net income 33,000Step by Step Solution
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