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E2-19 Calculating Missing Amounts and Cost of Goods Manufactured and Sold [LO 2-3, 2-4, 2-5, 2-6]...

E2-19 Calculating Missing Amounts and Cost of Goods Manufactured and Sold [LO 2-3, 2-4, 2-5, 2-6]

For each of the following independent cases (1–4), compute the missing values. (Enter all amounts as positive values.)

Case 1 Case 2 Case 3 Case 4
Beginning raw materials $6,800 $23,000 $102,000
Raw material purchases 47,000 11,150 47,640
Indirect materials issued 700 2,700 1,200 3,400
Ending raw materials 1,300 3,850 94,900
Direct materials used 15,400 31,920
Direct labor 32,000 121,950
Manufacturing overhead 52,000 39,350 29,280 540,130
Total current manufacturing costs 81,600 94,500
Beginning work in process 48,000 38,600 101,820
Ending work in process 42,650 237,800
Cost of goods manufactured 134,000 74,800 90,325 832,900
Beginning finished goods 78,000 51,900
Ending finished goods 79,000 30,400 397,700
Cost of goods sold 80,000 111,475 844,400
Business   Accounting   
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Answer #1
Case1 Case2 Case3 Case 4
Beginning Raw material 6800 10800 23000 102000
Raw material Purchase 47000 11150 47640 303100
Indirect Material 700 2700 1200 3400
Ending Raw material 1300 3850 37520 94900
Direct Material used 51800 15400 31920 306800
Direct Labour 32000 26850 33300 121950
Manufacturing OH 52000 39350 29280 540130
Current Manufacturing Cost 135800 81600 94500 968880
Beginning WIP 48000 38600 38475 101820
Ending WIP 49800 45400 42650 237800
Cost of Goods manufactured 134000 74800 90325 832900
Beginning FG 78000 35600 51900 409200
Ending FG 79000 30400 30750 397700
Cost of Goods sold 133000 80000 111475 844400
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