Sales Inventories at 1 July 2021 Raw materials Work in process Finished goods Inventories at 30...

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Sales Inventories at 1 July 2021 Raw materials Work in process Finished goods Inventories at 30 June 2022 Raw materials Work in process Finished goods Direct material used Purchases of raw materials Direct labour Actual manufacturing overhead Selling and administrative expenses Total manufacturing costs Cost of goods manufactured Cost of goods available for sale Cost of goods sold Gross profit Net profit S $600,000 (a) 18,750 ? ? 37,500 6,250 31,250 ? ? 156,250 315,000 ? 537,500 550,000 575,000 ? ? (2,500) S ? ? 175,000 250,000 400,000 475,000 575.000 2,238,750 ? 3,850,000 3,875,000 3.963,750 661.250 The company uses normal costing and manufacturing overhead is applied at the rate of 200% of direct labour cost. Over or under-applied manufacturing overhead is closed on an annual basis to the cost of goods sold and this has been included in the above data. Required: Determine the missing amounts in each of the divisions shown above. Sales Inventories at 1 July 2021 Raw materials Work in process Finished goods Inventories at 30 June 2022 Raw materials Work in process Finished goods Direct material used Purchases of raw materials Direct labour Actual manufacturing overhead Selling and administrative expenses Total manufacturing costs Cost of goods manufactured Cost of goods available for sale Cost of goods sold Gross profit Net profit S $600,000 (a) 18,750 ? ? 37,500 6,250 31,250 ? ? 156,250 315,000 ? 537,500 550,000 575,000 ? ? (2,500) S ? ? 175,000 250,000 400,000 475,000 575.000 2,238,750 ? 3,850,000 3,875,000 3.963,750 661.250 The company uses normal costing and manufacturing overhead is applied at the rate of 200% of direct labour cost. Over or under-applied manufacturing overhead is closed on an annual basis to the cost of goods sold and this has been included in the above data. Required: Determine the missing amounts in each of the divisions shown above.