CH2 value: 10.00 polnts Supply the missing data in the four cases that follow. E
ID: 2587563 • Letter: C
Question
CH2
value: 10.00 polnts Supply the missing data in the four cases that follow. Each case is independent of the others Case 4 Schedule of Cost of Goods Manufactured Direct materials Direct labour Manufacturing overhead Total manufacturing costs Beginning work in process inventory Ending work in process inventory Cost of goods manufactured $ 9,400$ 27,500 13,250 $9,500 3,470 24,560 2,170 15,600 27,170 12,200 72,500 4,240 (12,930) 16,250 40,320 4,860 (6,050) $ 25,420 (2,660) $ 38,500$36,550 Income Statement Sales Beginning finished goods inventory Cost of goods manufactured Goods available for sale Ending finished goods inventory Cost of goods solo Gross margin Selling and administrative expenses Operating income $ 48,500 $ 93,500$ 86,200 $81,700 10,120 36,550 9,550 15,300 25,420 38,500 15,750 7,650 17,900 60,710 44,500 18,100 27,550 14,090 14,700Explanation / Answer
Case 1 2 3 4 Schedule of cost of goods manufactured Direct materials 9,400 27,500 13,250 9,500 Direct labor 2,170 12,200 10,820 3,470 manufacturing overhead 15,600 32,800 16,250 24,560 total manufacturing costs 27,170 72,500 40,320 37,530 beginning work in process inventory 4,300 4,240 4,860 1,680 ending work in process inventory -6,050 -12,930 -6,680 -2,660 cost of goods manufactured 25,420 63,810 38,500 36,550 Income Statement Sales 48,500 93,500 86,200 81,700 Beginning finished goods inventory 9,550 14,800 15,300 10,120 cost of goods manufactured 25,420 63,810 38,500 36,550 goods avaialble for sale 34,970 78,610 53,800 46,670 ending finished goods inventory 15,750 17,900 9,300 7,650 cost of goods sold 19,220 60,710 44,500 39,020 Gross margin 29,280 32,790 41,700 42,680 Selling and administrative expenses 18,100 18,700 27,000 27,550 operating income 11,180 14,090 14,700 15,130
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