Question: Incomplete manufacturing costs, expenses, and selling data for two different cases are as follows. Instructions (a) Indicate the missing amount for each letter. (b) Prepare
Incomplete manufacturing costs, expenses, and selling data for two different cases are as follows.
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Instructions
(a) Indicate the missing amount for each letter.
(b) Prepare a condensed cost of goods manufactured schedule for Case 1.
(c) Prepare an income statement and the current assets section of the balance sheet for Case 1. Assume that in Case 1 the other items in the current assets section are as follows: Cash $4,000, Receivables (net) $15,000, Raw Materials $600, and Prepaid Expenses$400.
Case Manufacturing overhead Total manufacturing costs Beginning work in process invento Ending work in process inventory ry 2 Sales discounts Cost of goods manufactured Beginning finished goods inventory Goods available for sale Ending finished goods inventory
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a Case 1 A 9600 5000 8000 22600 22600 1000 B 17000 B 22600 1000 17000 6600 17000 C 20000 C 20000 170... View full answer
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