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.

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