Incomplete manufacturing cost data for Colaw Company for 2014 are presented as follows for four different situations.
|
Direct Materials Used |
Direct Labor Used |
Manufacturing Overhead |
Total Manufacturing Costs |
Work in Process 1/1 |
Work in Process 12/31 |
Cost of Goods Manufactured |
|
$127,000 |
$140,000 |
$ 87,000 |
$ (a) |
$33,000 |
$ (b) |
$360,000 |
|
200,000 |
132,000 |
450,000 |
(d) |
40,000 |
470,000 |
|
|
100,000 |
(e) |
255,000 |
60,000 |
80,000 |
(f) |
|
|
(g) |
75,000 |
288,000 |
45,000 |
(h) |
270,000 |
Instructions
(a)Indicate the missing amount for each letter.
(b)Prepare a condensed cost of goods manufactured schedule for situation (1) for the year ended December 31, 2014.