Indicate the missing amounts for the incomplete manufacturing costs, expenses, and selling data for the following four cases:
|
|
|
Case |
|
|
|
|
1 |
2 |
3 |
4 |
|
Direct Materials |
$ 7,250 |
$ 5,500 |
$ 4,000 |
Q |
|
Direct Labor |
1,500 |
G |
3,600 |
5,000 |
|
Manufacturing Overhead |
3,700 |
11,000 |
L |
5,700 |
|
Total Manufacturing Costs |
A |
23,400 |
13,000 |
17,000 |
|
Beginning Work in Process inventory |
3,200 |
H |
2,600 |
R |
|
Ending Work in Process Inventory |
B |
7,000 |
1100 |
1900 |
|
Sales |
24,000 |
23,000 |
21700 |
S |
|
Sales Discounts |
2,300 |
5,000 |
M |
1,400 |
|
Cost of Goods Manufactured |
14,400 |
18,400 |
N |
19,800 |
|
Beginning Finished Goods Inventory |
C |
1,500 |
1:250 |
1,490 |
|
Goods Available for Sale |
19,500 |
19,900 |
15750 |
T |
|
Cost of Goods Sold |
D |
14,500 |
0 |
U |
|
Ending Finished Goods Inventory |
1,300 |
I |
.1300 |
2,000 |
|
Gross Profit |
E |
J |
P |
25,400 |
|
Operating Expenses |
3,400 |
2,900 |
2100 |
V |
|
Net Income |
F |
K |
2:400 |
2,700 |