For each of the following cases, find the missing data. Each case is independent of the others.
|
Case 1 |
Case 2 |
Case 3 |
|
|
Beginning direct materials |
$5,000 |
$3,000 |
$3,000 |
|
Purchases of direct materials |
17,000 |
45,000 |
10,000 |
|
Ending direct materials |
(a) |
7,000 |
(m) |
|
Direct materials used |
(b) |
(f) |
6,000 |
|
Direct labor |
16,000 |
(g) |
4,000 |
|
Factory overhead |
3,000 |
20,000 |
6,000 |
|
Total manufacturing costs |
(c) |
85,000 |
(n) |
|
Beginning work in process |
6,000 |
6,000 |
5,000 |
|
Ending work in process |
6,000 |
4,000 |
(o) |
|
Cost of goods manufactured |
23,000 |
(h) |
10,000 |
|
Case 1 |
Case 2 |
Case 3 |
|
|
Sales |
52,000 |
125,000 |
23,000 |
|
Beginning finished goods |
8,000 |
7,000 |
7,000 |
|
Cost of goods manufactured |
23,000 |
(i) |
10,000 |
|
Ending finished goods |
(d) |
(j) |
6,000 |
|
Cost of goods sold |
27,000 |
(k) |
(p) |
|
Gross profit |
(e) |
60,000 |
(q) |
|
Selling and administrative expenses |
5,000 |
8,500 |
4,000 |
|
Net income |
20,000 |
(l) |
8,000 |