Question: answer the first part, followed by preparing a condensed cost of goods manafuctured schedule for situation (1) for the year ended December 31 Exercise 14-11
Exercise 14-11 (Part Level Submission) Incomplete manufacturing cost data for Horizon Company for 2020 are presented as follows for four different situations. (a) Indicate the missing amount for each letter. Direct Materials Used Direct Labor Used Manufacturing Overhead Total Manufacturing Costs Work in Process 1/1 Work in Process 12/31 Cost of Goods Manufactured (a) $89,800 $36,200 Kb) $141,300 $361,100 (1) $122,200 $ $ (d) 475,600 (2) 43,500 (c) 206,000 454,100 134,600 () 267,300 64,200 84,100 102,900 (3) 83,000 (h) 48,600 273,600 77,200 289,500 (4) 75,500 (9)
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
