Question: Supply the missing data in the four cases that follow. Each case is independent of the others: Case 1 2 3 4 Schedule of Cost

 Supply the missing data in the four cases that follow. Each

Supply the missing data in the four cases that follow. Each case is independent of the others: Case 1 2 3 4 Schedule of Cost of Goods Manufactured Direct materials $ 5,800 $ 11,300 $ 6,950 $ 7,700 5,000 2,930 1,630 8,400 20,240 Direct labour Manufacturing overhead Total manufacturing costs Beginning work in process inventory Ending work in process inventory Cost of goods manufactured 31,100 1,360 (4,470) 8,150 20,880 2,340 (3,350) 14,980 (1,940) 30,250 $ $ 18,700 $ Income Statement Sales $ $ 48,500 $ 35,800 $ 49,300 Beginning finished goods inventory Cost of goods manufactured Goods available for sale 21,500 5,050 14,980 8,100 18,700 8,680 30,250 7,650 5,300 6,750 32,090 21,100 Ending finished goods inventory Cost of goods sold Gross margin Selling and administrative expenses Operating income 5,500 10,450 6,710 3,900

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!