d. Account Activity and Relationships Case A Case B Case C Case D $85,000 (b) $1

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d. Account Activity and Relationships Case A Case B Case C Case D $85,000 (b) $110,000 Direct materials . 15,000 21,000 ( 21,000 . Drect labor... Total direct costs . . . . (c) 20,000 (a) 32,000 (b) 26,000 (e) 30,000 8,000 Manufacturing overhead Current manufacturing costs Work in process, beginning . (d) 10,000 (e) 95,000 79,000 (d) 21,000 7,000 10,000 5,000 ( 21,000 (c) 82,000 9,000 8,0007,000 12,000 (d) 32,000 Finished goods inventory, ending... .6,000 (g) 8,000 (b) 80,000 (a) 18,000 15,000 (e) 35,000 20,000 15,000 Selling and administrative expenses Net income. (g) 22,000 12,000 6,000 Required tath cabe is independent. Solve for missing data in alphabetical order. (Hint: Refer to Exhibit 18.6, p. 18-17 and the WIP table, p. 18-25.) case is ind

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Case-A Case-B Case-C Case-d $ Formula Working $ Formula Working $ Formula Working $ Formula Working Sales 85000 72000 35000+37000 b=GP+COGS 110000 95000 80000+15000 b (Sale-COGS=GP) Direct Material 15000 21000 65000 85000-20000 f 21000 Direct Labor 5000 11000 32000-21000 c=Total Direct Cost-Direct Material 20000 9000 30000-21000 c (Mat+Lab=Direct Cost) Total Direct Cost 20000 15000+5000 a 32000 85000 95000-10000 e (Current Cost=Direct Cost+OVH) 30000 Conversion Cost 13000 5000+8000 b 26000 30000 20000+10000 g 40000 49000-9000 g (Lab+OVH=Conversion) Manufacturing Overhead 8000 15000 26000-11000 d=Conversion-Direct Labor 10000 49000 79000-30000 f (Current Cost=Direct Cost+OVH) Current Manufacturing Cost 28000 15000+5000+8000 c 47000 21000+11000+15000 e=Maat+Lab+OVH 95000 79000 WIP,beginning 7000 10000 19000 93000-95000+21000 d COGM=Current Cost+beg WIP-Ending WIP 21000 WIP, closing 5000 25000 47000+10000-32000 f 21000 18000 79000+21000-82000 e COGM=Current Cost+beg WIP-Ending WIP Cost of Goods Manufactured 30000 28000+7000-5000 d=c+beginning wip-ending wip 32000 93000 92000-7000+8000 c COGS=COGM+Beg FG-Closing FG 82000 Finished Goods, beginning 9000 8000 7000 12000 Finished Goods, ending 6000 5000 32000+8000-35000 g 8000 14000 82000+12000-80000 d COGS=COGM+Beg FG-Closing FG COGS 33000 30000+9000-6000 e=d+beginning fg-ending fg 35000 92000 110000-18000 b (Sale-COGS=GP) 80000 Gross Profit 52000 85000-33000 f=Sale-COGS 37000 22000+15000 a=Net Income+Selling 18000 15000 Selling and admin 20000 15000 6000 18000-12000 a (GP-Selling=Net Income) 9000 15000-6000 a (GP-Selling=Net Income) Net Income 32000 52000-20000 g=Gross Profit-Selling 22000 12000 6000

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