Incomplete manufacturing cost data for Horizon Company for 2020 are presented as follows for four different situations.
Question:
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, 2020.
Transcribed Image Text:
Cost of Total Manufac- Manufac- turing Work in Process Work in Direct Direct Labor Goods Manufac- Materials turing Process 12/31 Used Used Overhead Costs 1/1 tured (1) $117,000 (2) (3) (4) $140,000 $ 87,000 $ (b) 40,000 $ (a) 450,000 265,000 $360,000 $33,000 (d) (c) 200,000 132,000 (e) 470,000 80,000 (h) 80,000 100,000 (g) 60,000 (f) 270,000 75,000 288,000 70,000 45,000
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a a 117000 140000 87000 344000 b 344000 33000 360000 17000 344000 33000 360000 17000 Tot mfg costs B...View the full answer
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Related Book For
Accounting Principles
ISBN: 978-1119411482
13th edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
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