Case $15-51($Algo$)$ Cost of goods manutactured, cost of goods sold, and income statement L

$13-7$

Determine each of the following missing amounts:

Note: Input all amounts as positive values

Firm A

Firm B

Firm C

Beginning raw materials inventory

$

$22,100$

$

$46,200$

Purchases of raw materials during the year

$124\mathrm{.}800$

$248,600$

Raw materials available for use

$154,700$

Ending raw materials inventory

$15600$

$56,100$

Cost of raw materials used

$117,000$

$131,300$

Direct labor costs incurred

$169,000$

$349,800$

Variable manufacturing overhead applied

$44\mathrm{.}200$

$79,200$

Fixed manufacturing overhead applied

$130\mathrm{.}000$

$78\mathrm{.}000$

Total manufacturing costs incurred

$481\mathrm{.}000$

Beginning work in process

$19,500$

$9\mathrm{.}100$

$20\mathrm{.}900$

Ending work in process

$32,500$

$14\mathrm{.}300$

$17\mathrm{.}600$

Cost of goods manufactured

$345\mathrm{.}800$

Sales

$

$533\mathrm{.}000$

Beginning finished goods inventory

$39,000$

$67\mathrm{.}100$

Cost of goods manufactured

$345\mathrm{.}800$

Cost of goods available for sale

$393\mathrm{.}900$

$837\mathrm{.}100$

Ending finished goods inventory

$65\mathrm{.}000$

$52,800$

Cost of goods sold

$354\mathrm{.}900$

Gross profit

$182,000$

$217\mathrm{.}800$

Selling, general, and administrative expenses

$88\mathrm{.}400$

Income from operations

$

$41\mathrm{.}600$

$

$97\mathrm{.}900$

Graw

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EliteDisplay E$222$

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