Maurice Tutor

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    Argosy University/ Phoniex University/
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    Phoniex University
    Oct-2001 - Nov-2016

Category > Management Posted 04 Feb 2018 My Price 6.00

Incomplete manufacturing costs

Problem 19-3A (Part Level Submission)

Incomplete manufacturing costs, expenses, and selling data for two different cases are as follows.
 
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(a)

Indicate the missing amount for each letter.
    Case
    1   2
Direct materials used   $7,740     $  
Direct labor   5,110     7,840  
Manufacturing overhead   8,450     4,460  
Total manufacturing costs       17,960  
Beginning work in process inventory   1,250      
Ending work in process inventory       2,970  
Sales revenue   24,060      
Sales discounts   2,610     1,640  
Cost of goods manufactured   16,700     22,440  
Beginning finished goods inventory       3,570  
Goods available for sale   17,610      
Cost of goods sold        
Ending finished goods inventory   3,300     2,480  
Gross profit       7,500  
Operating expenses   2,750      
Net income       5,190  
 

   
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(b)

The parts of this question must be completed in order. This part will be available when you complete the part above.
 
 

 
 

 

Answers

Maurice Tutor
(5)
Status NEW Posted 04 Feb 2018 10:02 PM My Price 6.00

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