Incomplete manufacturing cost data for Horizon Company for 2017 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 31,2017.

Transcribed Image Text:

Total Cost of Direct Manufac- Manufac- Work in Work inGoods Direct Materials Labor turing Process Process Manufac- turing Costs Used Used Overhead tured $360,000 470,000 12131 (1) $117,000 $140,000 87,000 (a) $33,000 $ (b) 200,000 132,000450,000 265,000 75,000 288,000 40,000 (3) 80,000 100,000 (4) 70,000 60,000 80,000 45,000 (h) 270,000