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

 Using the above data, determine the missing amounts. (You should setup a schedule of cost of goods manufactured and sold, fill in

the known data, and calculate the missing amounts.) Do not use negativesigns with any of your answers. Schedule of Cost of Goods Manufactured

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 data, and calculate the missing amounts.) Do not use negative signs with any of your answers. Schedule of Cost of Goods Manufactured and Sold A B C Direct Material: Beginning materials inventory $ 78 $ 410 $ 220 Cost of materials purchased 0 x 1,750 1,000 Cost of material available 0 x 0 x 0 x Less: Ending materials inventory 111 250 v 0 x Total material used 495 0 x 880 Less: Indirect material used 144 v 0 x 110 Direct material used 0 x 0 x 0 x Direct labor 870 2,400 1,600 Manufacturing overhead: Indirect material 144 v 0 x 110 Indirect labor 240 375 V 700 Other manufacturing overhead 0 x 500 680 Total manufacturing overhead 780 1,100 0 x Total manufacturing costs 0 x 0 x 0 x Add: Beginning work in process inventory 0 x 225 V 520 v Total cost of work in process 0 x 0 x 0 x Less: Ending work in process inventory 105 x 200 Cost of goods manufactured 2,076 0 x Add: Beginning finished goods inventory 0 x 1,000 160 Cost of goods available 0 x x 0 x Less: Ending finished goods inventory 495 v 300 660 v Cost of goods sold $ 2,016 ~ $ 5,275 ~ $ 0 xA B C Materials: Beginning inventory $ 78 $ 410 $ 220 Purchases ? 1,750 ,000 Ending inventory 111 250 ? Total material used 495 ? 880 Direct labor 870 2,400 1,600 Manufacturing overhead: Indirect material 144 ? 110 Indirect labor 240 375 700 Other ? 500 680 Total manufacturing overhead 780 1,100 ? Work in process inventories: Beginning ? 225 520 Ending 105 ? 200 Finished goods inventories: Beginning ? 1,000 160 Ending 495 300 660 Cost of goods manufactured 2,076 ? Cost of goods sold 2.016 5.275 7

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