value 8.00 points E2-19 Calculating Missing Amounts and Cost of Goods Manufactur

Question

value 8.00 points E2-19 Calculating Missing Amounts and Cost of Goods Manufactured and Sold [LO 2-3,2-4, 2-5, 2-6] For each of the following independent cases (1-4), compute the missing values. (Enter all amounts as positive values.) Case 1 Case 2 Case 3 Case 4 Beginning raw materials Raw material purchases Indirect materials issued Ending raw materials Direct materials used Direct labor Manufacturing overhead Total current manufacturing costs Beginning work in process Ending work in process Cost of goods manufactured Beginning finished goods Ending finished goods Cost of goods sold S 5,300 54,000 700 1,700 27,000 S 98,000 12,150 2,100 3,650 15,100 49,640 3,000 95,500 800 32,720 35,000 122,250 539,930 39,350 84,600 37,600 61,000 30,680 94,100 46,000 01,220 42,250 236,500 89,925 831,900 31,000 75,000 77,000 76,800 52,100 30,200 97,900 72000 1,375 842,400

Explanation / Answer

Note: Indirect Material issued Not a part of Diract material used, so it is deducted above calculation

PARTICULARS CASE 1 CASE 2 CASE 3 CASE 4 A.Beggining Rawmaterials 5300 8700 27000 98000 B.Raw material Purchased 54000 12150 49640 305500 C.Indirect materials issued 700 2100 800 3000 D.Ending Rawmaterials 1700 3650 43120 95500 E.Direct Material Used (A+B-C-D) 56900 15100 32720 305000 F.Direct Labour 35000 30150 30700 122250 G.Manufacturing Overhead 61000 39350 30680 539930 H.Total current manufacturing costs (E+F+G) 152900 84600 94100 967180 I.Beggining work in progress 46000 37600 38075 101220 J.Ending work in progress 67900 45400 42250 236500 K.Cost of goods manufactured(H+I-J) 131000 76800 89925 831900 L.Begging finished goods 75000 25400 52100 408400 M.Ending finished goods 77000 30200 30650 397900 N.COST OF GOODS SOLD(K+L-M) 129000 72000 111375 842400

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