Incomplete manufacturing cost data for Ikerd Company for 2012 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, 2012.

Transcribed Image Text:

Total Materials Labour Manufacturing Manufacturing Process Process Cost of Goods Costs Work in Work in (12/31) Manufactured $40,000 Direct Used Used Overhead $89,000 123,000 1. $127,000 $140,000 2. 3. 4. 67,000 (g) $33,000 $360,000 470,000 200,000 80,000 100,000 $430,000 257,000 308,000 60,000 45,000 80,000 75,000 270,000