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)

Incomplete manufacturing cost data for Ikerd Company for 2010 are presented as follows for four different situations.

Cost of Goods Manufactured Direct Materials Work in Work in Labor Manufacturing

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.

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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