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Question 01: Supply the missing data in the four cases that follow. Each case is independent of the others. [7 Marks) Case 2 3 4
Question 01: Supply the missing data in the four cases that follow. Each case is independent of the others. [7 Marks) Case 2 3 4 $ 6,600 $ 5,600 1,600 8,000 ? $ 10,400 4,600 ?? $ 7,600 2,900 20,000 ? 7,700 19,800 2,200 28.800 1,200 4.000 ? ? 3,200 ? 14,400 17,600 1900 29,900 Schedule of Cost of Goods Manufactured Direct materials.. Direct labour. Manufacturing overhead Total manufacturing costs. Beginning work in process inventory. Ending work in process inventory. Cost of goods manufactured. Income Statement Sales Beginning finished goods inventory.. Cost of goods manufactured Goods available for sale. Ending finished goods inventory Cost of goods sold.. Gross margin Selling and administrative expenses Operating income.. 46,000 I $20,000 4,800 14,400 ? 33.000 7,700 17,600 ? 47500 8,600 29,900 ? 6,700 ? ? ? 4,600 30,500 7,200 ? ? ? ? 19,800 ? ? 4,800 ? ? 9,500 ? 6,300 3,300 ? Question 2: The following information is available for Singh is King Inc. Raw materials inventory Work in procarril April 1 $10,000 April 30 $15,000
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