The following data apply to Newton Company and Alexander Company (two independent companies):

Required:
Fill in the unknowns for the twocases.

Transcribed Image Text:

Newton Alexander Company Company $ 4,000 Raw materials inventory, January 1 Raw materials purchased... 21,000 6,000 8,000 3,000 Raw materials inventory, December 31 Manufacturing overhead (actual). Manufacturing overhead (applied). 16,000 Selling and administrative expenses Work-in-process inventory, January 1 14,000 25,000 20,000 3 22,000 Work-in-process inventory, December 31 Direct (raw) materials used in production. 16,000 15,000 30,000 55,000 4,000 Direct labor costs.. 25,000 49,000 (2,000) Cost of goods manufactured Overapplied (or underapplied) manufacturing overhead