Question

Cost of Goods Manufactured for a Manufacturing Company Two items are omitted from each of the...

Cost of Goods Manufactured for a Manufacturing Company

Two items are omitted from each of the following three lists of cost of goods manufactured statement data. Determine the amounts of the missing items, identifying them by letter.

Work in process inventory, August 1 $2,200 $18,500 (e)
Total manufacturing costs incurred during August 15,600 (c) 108,800
Total manufacturing costs (a) $216,500 $118,100
Work in process inventory, August 31 3,400 45,500 (f)
Cost of goods manufactured (b) (d) $99,200
a. $
b. $
c. $
d. $
e. $
f. $

Homework Answers

Answer #1

Work in process inventory, August 1+Total manufacturing costs incurred during August=Total manufacturing costs

Total manufacturing costs-Work in process inventory, August 31=Cost of goods manufactured

Work in process inventory, August 1 2200 18500 (118100-108800)=$9300
Total manufacturing costs incurred during August 15600 (216500-18500)=$198,000 108800
Total manufacturing costs (2200+15600)=$17800 216500 118100
Work in process inventory, August 31 3400 45500 (118100-99200)=$18900
Cost of goods manufactured (17800-3400)=$14400 (216500-45500)=$171,000 99200
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Cost of Goods Manufactured for a Manufacturing Company Two items are omitted from each of the...
Cost of Goods Manufactured for a Manufacturing Company Two items are omitted from each of the following three lists of cost of goods manufactured statement data. Determine the amounts of the missing items, identifying them by letter. Work in process inventory, August 1 $3,900 $32,000 (e) Total manufacturing costs incurred during August 26,900 (c) 187,200 Total manufacturing costs (a) $374,400 $203,200 Work in process inventory, August 31 5,900 78,600 (f) Cost of goods manufactured (b) (d) $170,700
Two items are omitted from each of the following three lists of cost of goods manufactured...
Two items are omitted from each of the following three lists of cost of goods manufactured statement data. Determine the amounts of the missing items, identifying them by letter. Work in process inventory, August 1 $3,400 $29,200 (e) Total manufacturing costs incurred during August 24,500 (c) 170,800 Total manufacturing costs (a) $341,600 $185,400 Work in process inventory, August 31 5,300 71,700 (f) Cost of goods manufactured (b) (d) $155,700 a. $ b. $ c. $ d. $ e. $ f....
Two items are omitted from each of the following three lists of cost of goods manufactured...
Two items are omitted from each of the following three lists of cost of goods manufactured statement data. Determine the amounts of the missing items, identifying them by letter. Work in process inventory, August 1 $2,600 $20,800 (e) Total manufacturing costs incurred during August 16,900 (c) 121,700 Total manufacturing costs (a) $243,400 $132,100 Work in process inventory, August 31 3,700 51,100 (f) Cost of goods manufactured (b) (d) $111,000 a. $fill in the blank 1 b. $fill in the blank...
8. Income Statement for a Manufacturing Company Two items are omitted from each of the following...
8. Income Statement for a Manufacturing Company Two items are omitted from each of the following three lists of cost of goods sold data from a manufacturing company income statement. Determine the amounts of the missing items, identifying them by letter. Finished goods inventory, June 1 $66,000 $20,500 (e) Cost of goods manufactured 303,600 (c) 71,800 Cost of finished goods available for sale (a) $194,800 $112,800 Finished goods inventory, June 30 71,700 40,900 (f) Cost of goods sold (b) (d)...
Income Statement for a Manufacturing Company Two items are omitted from each of the following three...
Income Statement for a Manufacturing Company Two items are omitted from each of the following three lists of cost of goods sold data from a manufacturing company income statement. Determine the amounts of the missing items, identifying them by letter. Finished goods inventory, June 1 $65,900 $21,700 (e) Cost of goods manufactured 349,300 (c) 76,000 Cost of finished goods available for sale (a) $206,200 $119,400 Finished goods inventory, June 30 80,500 43,300 (f) Cost of goods sold (b) (d) $109,800...
Manufacturing Income Statement, Statement of Cost of Goods Manufactured Several items are omitted from the income...
Manufacturing Income Statement, Statement of Cost of Goods Manufactured Several items are omitted from the income statement and cost of goods manufactured statement data for two different companies for the month of December. On Company Off Company Materials inventory, December 1 $71,890 $97,770 Materials inventory, December 31 (a) 110,480 Materials purchased 182,600 (a) Cost of direct materials used in production 192,670 (b) Direct labor 271,030 219,980 Factory overhead 84,110 109,500 Total manufacturing costs incurred in December (b) 632,570 Total manufacturing...
5. Manufacturing Income Statement, Statement of Cost of Goods Manufactured Several items are omitted from the...
5. Manufacturing Income Statement, Statement of Cost of Goods Manufactured Several items are omitted from the income statement and cost of goods manufactured statement data for two different companies for the month of December. On Company Off Company Materials inventory, December 1 $73,370 $97,580 Materials inventory, December 31 (a) 110,270 Materials purchased 186,360 (a) Cost of direct materials used in production 196,630 (b) Direct labor 276,600 219,560 Factory overhead 85,840 109,290 Total manufacturing costs incurred in December (b) 631,340 Total...
Manufacturing Income Statement, Statement of Cost of Goods Manufactured Several items are omitted from the income...
Manufacturing Income Statement, Statement of Cost of Goods Manufactured Several items are omitted from the income statement and cost of goods manufactured statement data for two different companies for the month of December. On Company Off Company Materials inventory, December 1 $76,800 $98,300 Materials inventory, December 31 (a) 111,080 Materials purchased 195,070 (a) Cost of direct materials used in production 205,820 (b) Direct labor 289,540 221,180 Factory overhead 89,860 110,100 Total manufacturing costs incurred in December (b) 636,000 Total manufacturing...
ABC Company reports the following cost information for August: Cost of goods manufactured $135,800 Finished goods...
ABC Company reports the following cost information for August: Cost of goods manufactured $135,800 Finished goods inventory, Aug. 1 30,200 Finished goods inventory, Aug. 31 Work in process inventory, Aug. 1 22,500 Work in process inventory, Aug. 31 Direct materials used 25,300 35,300 18,500 Direct labor incurred in August amounted to 150% of manufacturing overhead in August. What is cost of goods sold for August?
Cost of Goods Manufactured for a Manufacturing Company The following information is available for Ethtridge Manufacturing...
Cost of Goods Manufactured for a Manufacturing Company The following information is available for Ethtridge Manufacturing Company for the month ending July 31 Cost of direct materials used in production $148,600 Direct labor 178,300 Work in process inventory, July 1 66,900 Work in process inventory, July 31 90,600 Total factory overhead 81,700 Determine Ethtridge's cost of goods manufactured for the month ended July 31. Ethtridge Manufacturing Company Statement of Cost of Goods Manufactured For the Month Ended July 31 $...