Incomplete manufacturing cost data for Ikerd Company for 2010 are presented as follows for four different situations.
Question:
Incomplete manufacturing cost data for Ikerd Company for 2010 are presented as follows for four different situations.
Instructions(a) Indicate the missing amount for each letter.(b) Prepare a condensed cost of goods manufactured schedule for situation (1) for the year ended December 31,2010.
Transcribed Image Text:
Cost of Goods Manufactured Direct Materials Work in Work in Labor Manufacturing Manufacturing Process Process 12/31 (b) Direct Total Used 1/1 Overhead Costs Used (1) $127,000 $140,000 $33,000 (d) 60,000 45,000 $360,000 (a) (c) 132,000 (e) $450,000 245,000 288,000 (2) 200,000 100,000 $40,000 80,000 (f) 270,000 (3) (4) 80,000 70,000 75,000 (h) (3)
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a a 127000 140000 77000 344000 b 344000 33000 360000 17000 c 4...View the full answer
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Related Book For
Accounting Principles
ISBN: 978-0470533475
9th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
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