Question
Using the information in the following table, determine the missing variables. Format your answers as follows: $10,000 or $111,000, using the $ sign in front,
Using the information in the following table, determine the missing variables. Format your answers as follows: $10,000 or $111,000, using the "$" sign in front, adding the comma, and no decimals.
| Direct Materials Used | Direct Labor Used | Factory Overhead | Total Manufacturing Costs | Beg Work in Process (1/1) | End Work in Process (12/31) | Cost of Goods Manufactured | |
| Scenario 1 | $40,000 | $61,000 | $50,000 | $120,000 | $82,000 | ||
| Scenario 2 | $75,000 | $140,000 | $296,000 | $98,000 | $331,000 | ||
| Scenario 3 | $55,000 | $111,000 | $310,000 | $463,000 | $715,000 |
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Frank Woods Business Accounting Volume 1
Authors: Alan Sangster Lewis Gordon Frank Wood
14th Edition
1292208627, 9781292208626
