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Required: A company uses a job order cost system with manufacturing overhead applied to products at a rate of 100% of direct labor cost. Treating
Required: A company uses a job order cost system with manufacturing overhead applied to products at a rate of 100% of direct labor cost. Treating each case independently, find the missing amounts: Note: Input all amounts as positive values. Direct materials used Direct labor Manufacturing overhead applied Total current manufacturing costs Beginning Work in Process Inventory Ending Work in Process Inventory Cost of goods manufactured Beginning Finished Goods Inventory Ending Finished Goods Inventory Cost of goods sold (unadjusted) $ $ $ $ $ $ Case 1 24,000 24,000 $ $ 14,000 16,000 $ $ 16,000 $ 13,000 $ Case 2 $ 34,000 90,000 $ $ 9,000 89,000 $ 19,000 Case 3 14,000 38,000 8,000 32,000 $ 19,000 85,000 $ 32,000
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