Question

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 2
c. $fill in the blank 3
d. $fill in the blank 4
e. $fill in the blank 5
f. $fill in the blank 6
Business   Accounting   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1
Work in process inventory, August 1 $ 2,600 $ 20,800 $ 10,400
( $ 132,100 (-)$ 121,700)
Add: Total manufacturing costs incurred during December $ 16,900 $ 222,600
( $ 243,400 (-) $ 20,800)		 $ 121,700
Total Manufacturing costs $ 19,500
( 2,600 + $ 16,900 )		 $ 243,400 $ 132,100
Less: Work in process inventory, August 31 ($ 3,700) ($ 51,100) ($ 21,100)
( $ 111,000 (-) $ 132,100)
Cost of goods manufactured $ 15,800
( $ 19,500 (-) $ 3,700 )		 $ 192,300
( $ 243,400 (-) $ 51,100)		 $ 111,000
       
a. $ 19,500
b. $ 15,800
c. $ 222,600
d. $ 192,300
e. $ 10,400
f. $ 21,100
0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
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....
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....
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
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...
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)...
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...
Statement of Cost of Goods Manufactured for a Manufacturing Company Cost data for Sandusky Manufacturing Company...
Statement of Cost of Goods Manufactured for a Manufacturing Company Cost data for Sandusky Manufacturing Company for the month ended January 31 are as follows: Inventories January 1 January 31 Materials $186,500 $167,850 Work in process 124,960 112,460 Finished goods 95,120 112,460 Direct labor $335,700 Materials purchased during January 358,080 Factory overhead incurred during January: Indirect labor 35,810 Machinery depreciation 21,630 Heat, light, and power 7,460 Supplies 5,970 Property taxes 5,220 Miscellaneous costs 9,700 a. Prepare a cost of goods...
Statement of Cost of Goods Manufactured and Income Statement Information from the records of the Bridgeview...
Statement of Cost of Goods Manufactured and Income Statement Information from the records of the Bridgeview Manufacturing Company for August 2017 follows: Sales $318,000 Selling and administrative expenses 127,500 Purchases of raw materials 48,000 Direct labor 30,000 Manufacturing overhead 58,500 Inventories August 1 August 31 Raw materials $ 11,000 $ 5,000 Work-in-process 17,000 11,000 Finished goods 15,000 22,000 Required Prepare a statement of cost of goods manufactured and an income statement for August 2017. Do not use negative signs with...
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?
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT