Question: ? Q4) Find the missing data (20 points) Schedule of Cost of Goods Manufactured Direct materials....... $5,000 Direct labor.......... $7,000 Manufacturing overhead... ? Total manufacturing

? Q4) Find the missing data (20 points) Schedule of Cost of Goods Manufactured Direct materials....... $5,000 Direct labor.......... $7,000 Manufacturing overhead... ? Total manufacturing costs. $20,000 Beginning work in process inventory. $3,000 Ending work in process inventory. $4,000 Cost of goods manufactured ........ ? Income Statement Sales.............. - $36,000 Beginning finished goods inventory.. ? Cost of goods manufactured ? Goods available for sale........... ? Ending finished goods inventory. $4,000 Cost of goods sold......... $18,500 Gross margin.............. $17,500 Selling and administrative expenses. ? Net operating income $5,000 ***** NE ***
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
