Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Question 2) Supply the missing data in the four cases below. Each case is independent of the others. Case 1 Case 2 Case 3
Question 2) Supply the missing data in the four cases below. Each case is independent of the others. Case 1 Case 2 Case 3 Case 4 Direct materials $ 7,451 $ 9,478 $ 6,664 $ 8,888 Direct labor $ 2,478 $ 2,154 N $ 3,354 Manufacturing overhead $ 11,574 G $ 6,745 $ 19,845 Total manufacturing costs A $ 23,478 $ 20,101 T Beginning work in process inventory B $ 1,247 $ 2,368 U Ending work in process inventory $ 5,745 $ 3,358 0 $ 3,478 Cost of goods manufactured $ 18,181 H $ 15,671 $ 29,851 Sales $ 25,471 $ 48,751 $ 29,453 $ 51,747 Beginning finished goods inventory $ 5,972 $ 7,654 $ 8,997 Cost of goods manufactured $ 18,181 J $ 15,671 $ 29,851 Goods available for sale K Ending finished goods inventory $ 9,475 EA $ 4,478 Q $ 6,941 Cost of goods sold D $ 25,748 $ 18,188 W Gross margin E L R X Selling and administrative expenses $ 10,157 M S $ 1,458 Net operating income F $ 5,544 SA $ 3,311 Y J = K= L = M S= U V= STUS T = A = B E G H I = ABCDEFC N P Q= R= W = X = Y= Show all work/calculations for each, label your work, and box or circle final answers. Example: A $7,451 +$2,478 +$11,574=$21,503
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started