Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Supply the missing data in the four cases that follow. Each case is independent of the others: Case 1 2 3 4 $ $ $
Supply the missing data in the four cases that follow. Each case is independent of the others: Case 1 2 3 4 $ $ $ 9,400 $ 7,200 1,840 11,200 17,600 7,800 8,400 3,140 21,920 47,200 2,480 (7,760) 11,300 28,440 3,320 (4,400) 19,040 (2,220) 32,700 $ $ 26,400 $ 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 $ $ 66,000 $ $ 32,000 6,800 19,040 55,400 10,900 26,400 61,900 9,240 32,700 10,800 7,100 10,200 43,220 30,200 10,400 17,100 9,580 8,100
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