Question: Using the above data, determine the missing amounts. (You should set up a schedule of cost of goods manufactured and sold, fill in the known
Materials: Beginning inventory 104 328 220 Purchases Ending inventory Total material used ? 1,400 1,000 148 200 660 ? 880 Direct labor 1,160 1,920 1,600 Manufacturing overhead: 192 Indirect material Indirect labor Other Total manufacturing ? 240 320 300 700 ?400 680 1,040 960 overhead Work in process inventories: Beginning ?180 520 Ending 140 ? 200 Finished goods inventories: ?800 160 Beginning Ending Cost of goods 670 240 660 2,768 manufactured Cost of goods sold 2,678 4,648
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