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 Schedule of Cost
Supply the missing data in the four cases that follow. Each case is independent of the others: Case 1 2 3 4 Schedule of Cost of Goods Manufactured Direct materials $ 8,400 $ $ $ Direct labour 2,020 13,600 24,020 3,800 (5,300) 22,520 Manufacturing overhead Total manufacturing costs Beginning work in process inventory Ending work in process inventory Cost of goods manufactured Income Statement Sales 23,000 10,200 27,800 61,000 3,440 (10,580) 53,860 11,500 9,420 14,000 34,920 4,160 6,080 9,000 3,320 23,360 35,680 1,580 (2,460) 34,800 00 $ $ $ 33,000 $ $ $ 81,000 $ 72,200 $ 72,700 41,000 8,300 9,720 22,520 30,820 13,500 17,320 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 13,300 33,000 46,300 8,300 38,000 34,800 44,520 7,400 14,400 52,760 37,120 > 14,600 22,800 12,040 11,700
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