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

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
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