Maurice Tutor

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    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 13 Sep 2017 My Price 9.00

missing amounts

(Cost flows; CGM; CGS) For each of the following cases, compute the missing amounts.

 

Case 1

Case 2

Case 3

Sales

$ 9,300

$ (g)

$112,000

Direct material used

1,200

(h)

18,200

Direct labor

(a)

4,900

(m)

Prime cost

3,700

(i)

(n)

Conversion cost

4,800

8,200

49,300

Manufacturing overhead

(b)

(j)

17,200

Cost of goods manufactured

6,200

14,000

(o)

Beginning work in process inventory

500

900

5,600

Ending work in process inventory

(c)

1,200

4,200

Beginning finished goods inventory

(d)

1,900

7,600

Ending finished goods inventory

1,200

(k)

(p)

Cost of goods sold

(e)

12,200

72,200

Gross profit

3,500

(l)

(q)

Operating expenses

(f )

3,500

18,000

Net income

2,200

4,000

(r)

 

Answers

Maurice Tutor
(5)
Status NEW Posted 13 Sep 2017 11:09 AM My Price 9.00

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