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Category > Accounting Posted 16 Aug 2017 My Price 11.00

Tomek Manufacturing Company

3-56    Cost of Goods Manufactured, Calculating Unknowns The following information was taken from the accounting records of Tomek Manufacturing Company. Unfortunately, some of the data were destroyed by a computer malfunction.

 

 

Sales

Case A

$150,000

Case B

$      ?

Finished goods inventory, Jan. 1, 2010

35,000

28,000

Finished goods inventory, Dec. 31, 2010

40,000

?

Cost of goods sold

?

61,000

Gross margin

25,000

23,000

Selling and administrative expenses

?

1,000

Operating income

10,000

22,000

Work in process, Jan. 1, 2010

?

14,000

Direct material used

18,000

8,000

Direct labor

35,000

9,000

Factory overhead

50,000

?

Total manufacturing costs

?

35,000

Work in process, Dec. 31, 2010

22,000

?

Cost of goods manufactured

?

45,000

 

Required  Calculate the unknowns indicated by question marks.

Answers

Maurice Tutor
(5)
Status NEW Posted 16 Aug 2017 07:08 PM My Price 11.00

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