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 case is independent of the others: Case 1 2 3 4 Schedule of Cost of Goods Manufactured Direct materials $ 9,400 $ 27,500 $ 13,250 $ Direct labour 12,200 2,170 15,600 9,500 3,470 24,560 Manufacturing overhead 16,250 40,320 72,500 4,240 4,860 Total manufacturing costs Beginning work in process inventory Ending work in process inventory Cost of goods manufactured Income Statement (12,930) (6,050) 25,420 (2,660) 36,550 $ $ 38,500 $ Sales $ 48,500 $ 93,500 $ $ 9,550 25,420 86,200 15,300 38,500 81,700 10,120 36,550 15,750 7,650 Beginning finished goods inventory Cost of goods manufactured Goods available for sale Ending finished goods inventory Cost of goods sold Gross margin Selling and administrative expenses Operating income 17,900 60,710 44,500 18,100 27,550 14,090 14,700
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
