The following information is taken from the accounting records
of four different companies. Provide the missing amounts. Assume
there are no indirect materials used in the company’s finished
product.
Company 1
Company 2
Company 3
Company 4
Direct Materials Inventory, beginning
$15,400
$
$6,000
$165,300
Purchases of direct materials
86,400
52,600
258,800
Total direct materials available for use
394,600
111,600
Direct Materials Inventory, ending
26,700
59,350
Direct materials used in production
90,800
Direct labor
212,700
25,500
299,100
Total manufacturing overhead...