Question: Supply the missing data in the following cases. Each case is independent of the others. Required: Supply the missing data in the following cases. Each

Supply the missing data in the following cases. Each case is independent of the others.

Supply the missing data in the following cases. Each case is independent

Required: Supply the missing data in the following cases. Each case is independent of the others. Case 1 2 3 4 Direct materials $ 5,300 $ 6,800 $ 5,800 $ 3,800 Direct labour 8,200 3,800 7,800 4,800 Manufacturing overhead 5,800 4,800 7,200 9,800 Total manufacturing costs 19,300 15,400 20,800 18,400 Beginning work-in-process inventory 3,300 2,400 3,800 Ending work-in-process inventory 3,800 1,800 4,800 3,400 Cost of goods manufactured 18,800 16,000 19,800 Sales 33,200 25,000 36,800 40,800 Beginning finished goods inventory 1,800 3,300 Cost of goods manufactured 19, 100 Goods available for sale 21,900 Ending finished goods inventory 2,300 4,800 4,300 Cost of goods sold 50% Gross margin 40% Operating expenses 4,250 Net income $ 4,800 $ 6,600 $ 9,800

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!