Required: Treating each case Independenty, selected from the manufacturing data

Question

Required: Treating each case Independenty, selected from the manufacturing data ghen below, ind the missing amounts. You shoud do them In the order lsted fhint. For the mauracruing costs in Case 3, rst sorve for conversion costs nd then oetemine now mucor thar is drecr aoor and how much is manuractaning overmoad. IDo not round your Intermediate calulations. Round your final answers to the nearest whole dollar. Enter all amounts as postte values Direct msterial used 14.000 ,557 12 000 Manufacturng ovarhcad applicd Total current manufacturing cests Beginning work in process invenitory -nding wark in rnc antory Coat af gaads manufacbured Beginning finished goods inventury Ending finished goode inventory Coat at goods seld 30,000 64,000 ,500 11,000 28 200 8.300 67,200 3,900 7.700 45,000 20 001 10,200 5 800

Explanation / Answer

Direct materials+Direct labor+Manufacturing overhead=Total manufacturing cost

Total manufacturing cost+Beginning WIP-Ending WIP=Cost of goods manufactured

Cost of goods manufactured+Beginning finished goods-Ending finished goods=Cost of goods sold

NOTE 1:

Direct labor+Manufacturing overhead=(28200-12000)

Direct labor+1.5Direct labor=16200

Direct labor=16200/(1+1.5)

=$6480

Hence manufacturing overhead =$6480*1.5

=$9720

Case2 Case 3 Direct materials used 9667 12000 Direct labor 7333 6480(NOTE1) Manufacturing overhead 11000 9720 Total current manufacturing cost 28000 28200 Beginning WIP 25000 8300 Ending WIP 8000 16499 Cost of goods manufactured 45000 20001 Beginning finished goods 10200 24799 Ending  finished goods 21200 5800 Cost of goods sold 34000 39000

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