Question
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
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 Beginning inventory, raw material $ 74,000 $ 11,000 Ending inventory, raw material 187,000 22,000 Purchases of raw material 235,000 262,000 Direct material 175,000 299,000 Direct labor 335,000 66,000 Manufacturing overhead. 535,000 87,000 Total manufacturing costs 1,075,000 1,070,000 205,000 Beginning inventory, work in process 77,000 67,000 Ending inventory, work in process 112,000 3,200 Cost of goods manufactured 1,064,000. 210,000 Beginning inventory, finished goods 135,000 127,000 Cost of goods available for sale 227,000 Ending inventory, finished goods 16,000 Cost of goods sold 1,125,000 1,018,000 Sales 310,000 Gross margin 517,000 517,000 Selling and administrative expenses 239,000 Income before taxes 335,000 52,000 Income tax expense 87,000 148,000 Net income 31,000
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