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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. $
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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
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