incomplete manufacturing cost data for horizon company for 2017 are presented as

Question

incomplete manufacturing cost data for horizon company for 2017 are presented as follows for four different situations.
indicate the missing amount for each letter.

ctice Assignment Gradebook ORION Downloadable eTextbook nment Exercise 14-11 (Part Level Submission) Incomplete manufacturing cost data for Horizon Company for 2017 are presented as follows for four different situations. (a) Indicate the missing amount for each letter. Total Direct Materials Used Direct Labor Used Work in Process Work in Process 12/31 Cost of Goods Manufactured Manufacturing Manufacturing Overhead Costs (a) $38,800 s (b) $361.200 472,600 (1)$120.400 $144,600 $89,400 s 41,300 455,300 270,400 292,600 (c) 204,200 134,700 93,500 105,500 62,200 86,000 () 80.300 (h) 73.000 46,100 271/100 click if you would like to Show Work for this question: Open Show Work LINK TO TEXT

Explanation / Answer

Solution :-

Direct material used + Direct labor used + manufacturing overhead = Total Manufacturing costs

Total Manufacturing Costs + Beginning WIP - Ending WIP = Cost of Goods Manufactured

Particulars (1) (2) (3) (4) Direct Materials Used $120400 $116400 $83500 $73000 Direct Labor Used $144600 $204200 $105500 $139300 Manufacturing Overhead $89400 $134700 $81400 $80300 Total Manufacturing Costs $354400 $455300 $270400 $292600 Add : Beginning WIP $38800 $58600 $62200 $46100 Less : Ending WIP ($32000) ($41300) ($86000) ($67600) Cost of Goods Manufactured $361200 $472600 $246600 $271100

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