E2-19 Calculating Missing Amounts and Cost of Goods Manufactured and Sold LO 2-3

Question

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 $6,000 53,000 900 1,000 $ 29,000$ 102,000 10,850 1,000 2,950 13,600 51,640 1,000 3,800 93,900 32,720 33,000 122,150 39,750 81,600 37,600 29,780 94,100 54,000 541,430 46,000 100,820 236,100 eginning work in process Ending work in proces:s Cost of goods manufactured Beginning finished goods Ending finished goods Cost of goods sold 138,000 80,000 74,000 41,850 90,225833,900 52,400 72,800 30,400 73,000 397,400 111,575 848,400

Explanation / Answer

Case-1 case-2 Case-3 Case-4 Begininng Raw material 6000 6700 29000 102000 Raw materiall purchases 53000 10850 51640 301300 Indirect material used 900 1,000 1000 3800 Ending Raw material 1,000 2950 46920 93900 Direct material used 57,100 13600 32720 305600 Direct labour 33,000 28250 31600 122150 manufacturing overheads 54,000 39750 29780 541430 Total Currnet manufacturing Cost 144,100 81600 94100 969180 Beg. WIP 46,000 37600 37975 100820 Ending WIP 52,100 46400 41850 236100 Cost of Goods manufactured 138,000 72800 90225 833900 Bbeg. Finished Goods 80,000 30600 52400 411900 Ending Finished Goods 74,000 30400 31050 397400 Cost of Goods sold 144,000 73000 111575 848400

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