Incomplete manufacturing cost data for Horizon Company for 2020 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, 2020.

Transcribed Image Text:

Cost of Total Manufac- Manufac- turing Work in Process Work in Direct Direct Labor Goods Manufac- Materials turing Process 12/31 Used Used Overhead Costs 1/1 tured (1) $117,000 (2) (3) (4) $140,000 $ 87,000 $ (b) 40,000 $ (a) 450,000 265,000 $360,000 $33,000 (d) (c) 200,000 132,000 (e) 470,000 80,000 (h) 80,000 100,000 (g) 60,000 (f) 270,000 75,000 288,000 70,000 45,000