Question: Using the following information find the unknown amounts. Assume each set of information is an independent case. a. Merchandise Inventory Purchases Cost of goods sold

Using the following information find the unknown amounts. Assume each set of information is an independent case. a. Merchandise Inventory Purchases Cost of goods sold Beginning balance Ending balance $410,000 223,000 41,000 ? b. Direct Materials Beginning balance Ending balance Purchases Direct materials used $ 7,000 24,000 48,000 ? c Work-in-process Inventory $ 22,000 21,000 16,000 ? Ending balance Cost of goods manufactured Beginning balance Current manufacturing costs Cost of goods manufactured Ending balance Cost of goods sold Beginning balance d. Finished Goods Inventory $62,000 40,000 61,000 ? What is the ending balance in case a? * $335,000 $441,000 $228,000 O $119,000 What is the amount of direct material used in case b?* $36,000 O $31,000 O $37,000 $39,000 What is the amount of total manufacturing cost in case c?* O $15,000 $27,000 $18,000 $39,000 What is the beginning balance for FG in case d? $35,000 $27,000 $29,000 $39,000
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
