Problem 1-3A (Part Level Submission) Incomplete manufacturing costs, expenses, a
ID: 2609493 • Letter: P
Question
Problem 1-3A (Part Level Submission) Incomplete manufacturing costs, expenses, and selling data for two different cases are as follows (a) Your answer is partially correct. Try again Indicate the missing amount. Case 1 2 Direct materials used Direct labor Manufacturing overhead Total manufacturing costs Beginning work in process inventory Ending work in process inventory $9,600 5,000 8,000 22600 4000 8,000 4,000 16,000 1,000 6600 3,000 Sales revenue Sales discounts Cost of goods manufacturec Beginning finished goods inventory 24,500 2,500 17,000 1,400 24,000 3,300Explanation / Answer
1
2
Direct materials used
$9600
$4000
Direct labor
5000
8000
Manufacturing overhead
8000
4000
Total manufacturing costs
22600
16000
Beginning work in process inventory
1000
9000
Ending work in process inventory
6600
3000
Sales revenue
24500
31200
Sales discounts
2500
1400
Cost of goods manufactured
17000
24000
Beginning finished goods inventory
3000
3300
Goods available for sale
20000
25300
Costs of goods sold
16600
22800
Ending finished goods inventory
3400
2500
Gross profit
5400
7000
Operating expenses
2500
2000
Net Income
$2900
$5000
1
2
Direct materials used
$9600
$4000
Direct labor
5000
8000
Manufacturing overhead
8000
4000
Total manufacturing costs
22600
16000
Beginning work in process inventory
1000
9000
Ending work in process inventory
6600
3000
Sales revenue
24500
31200
Sales discounts
2500
1400
Cost of goods manufactured
17000
24000
Beginning finished goods inventory
3000
3300
Goods available for sale
20000
25300
Costs of goods sold
16600
22800
Ending finished goods inventory
3400
2500
Gross profit
5400
7000
Operating expenses
2500
2000
Net Income
$2900
$5000
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