Incomplete manufacturing cost data for Ikerd Company for 2016 are presented 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, 2016

Transcribed Image Text:

Total Materials Labour Manufacturing Manufacturing Process Process Cost of Goods Costs Direct Work in Work in Used Used Overhead 123,000 75,000 (1/1) (2/31) Manufactured 1. $127,000 $140,000 89,000 2. (c) 3. 80,000 100,000 4. 67,000 (g) S360,000 470,000 S33,000 $40,000 80,000 200,000 $430,000 257,000 308,000 60,000 45,000 270,000