Presented below are incomplete manufacturing cost data.
Determine the missing amounts for three different situations.
Direct |
Direct |
|
Total |
|||||
(1) | $41,900 | $64,500 | $51,300 | $ ________ | ||||
(2) | $ ______ | $78,900 | $144,000 | $300,000 | ||||
(3) | $56,100 | $ ____ | $112,000 | $314,000 |
Determine the missing amounts.
Total |
Work |
Work |
Cost of |
|||||
(1) | $ _________ | $121,000 | $83,700 | $ __________ | ||||
(2) | $300,000 | $ _______ | $98,600 | $322,200 | ||||
(3) | $314,000 | $464,000 | $ _________ | $717,000 |
Above Missing amounts are calculated using formula:
Direct materials used+Direct labor used+Factory overhead=Total manufacturing costs
Above missing amounts are calculated using formula:
Total manufacturing costs+Work in process(January 1)-Work in process(December 31)=Cost of goods manufactured
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