Question: Please provide an explanation E2-19 Calculating Missing Amounts and Cost of Goods Manufactured and Sold [LO 2-3, 2-4, 2-5, 2-6] For each of the following
Please provide an explanation
E2-19 Calculating Missing Amounts and Cost of Goods Manufactured and Sold [LO 2-3, 2-4, 2-5, 2-6] For each of the following independent cases (14), compute the missing values. (Enter all amounts as positive values.) Case 2 Case 4 $ 104,000 Beginning raw materials Raw material purchases Indirect materials issued Case 1 $ 6,900 51,000 500 1,100 Case 3 $ 25,000 47,640 600 12,150 1,300 3,850 14,800 3,500 94,200 Ending raw materials Direct materials used 33,420 Direct labor 39,000 57,000 122,750 540,130 39,550 76,600 41,600 30,480 94,400 46,000 42,150 Manufacturing overhead Total current manufacturing costs Beginning work in process Ending work in process Cost of goods manufactured Beginning finished goods Ending finished goods Cost of goods sold 101,720 236,400 830,900 79,800 89,325 139,000 74,000 74,000 53,800 30,800 72,000 397,800 847,400 111,875
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