(Cost flows; CGM; CGS) For each of the following cases, compute the missing amounts.
|
Case 1 |
Case 2 |
Case 3 |
|
|
Sales |
$ 9,300 |
$ (g) |
$112,000 |
|
Direct material used |
1,200 |
(h) |
18,200 |
|
Direct labor |
(a) |
4,900 |
(m) |
|
Prime cost |
3,700 |
(i) |
(n) |
|
Conversion cost |
4,800 |
8,200 |
49,300 |
|
Manufacturing overhead |
(b) |
(j) |
17,200 |
|
Cost of goods manufactured |
6,200 |
14,000 |
(o) |
|
Beginning work in process inventory |
500 |
900 |
5,600 |
|
Ending work in process inventory |
(c) |
1,200 |
4,200 |
|
Beginning finished goods inventory |
(d) |
1,900 |
7,600 |
|
Ending finished goods inventory |
1,200 |
(k) |
(p) |
|
Cost of goods sold |
(e) |
12,200 |
72,200 |
|
Gross profit |
3,500 |
(l) |
(q) |
|
Operating expenses |
(f ) |
3,500 |
18,000 |
|
Net income |
2,200 |
4,000 |
(r) |