Incomplete manufacturing costs for the month of June are as follows:

Sales were $780,000 for the month. Sales prices are determined by a markup on manufacturing cost of 30%. The costs of new inputs to the manufacturing process during the month were $498,000.
Instructions
1. Calculate the missing values in the above schedule.
2. Compare and contrast the behaviour of fixed and variable costs in total and per unit.

Transcribed Image Text:

Materials $150,000 28,000 Work in Process Finished Goods Purchases Beginning Inventory Ending Inventory Direct Materials Used Direct Labour Manufacturing Overhead (including indirect materials of $20,000) Transferred to Finished Goods Cost of Goods Sold $ 38,000 30,000 125,000 $25,000 145,000