Question

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$3,700 $31,500 (e)

Total manufacturing costs incurred during August26,300 (c) 184,900

Total manufacturing costs(a) $368,600 $200,700

Work in process inventory, August 315,700 77,400 (f)

Cost of goods manufactured(b) (d) $168,600

a.$

b.$

c.$

d.$

e.$

f.$

Answer 1

				Amount in $
	Work in process inventory, August 1	3,700	31,500	15,800
	Add:Total manufacturing costs incurred during August	26,300	337,100	184,900
	Total manufacturing costs	30,000	368,600	200,700
	Less :Work in process inventory, August 31	5,700	77,400	32,100
	Cost of goods manufactured	24,300	291,200	168,600

	Working:
	a.) 30,000 ( 3,700 + 26,300 )
	b.) 24,300 ( 30,000 - 5,700 )
	c.) 337,100 ( 368,600 - 31,500 )
	d.) 291,200 ( 368,600 - 77,400 )
	e.) 15,800 ( 200,700 - 184,900 )
	f.) 32,100 ( 200,700 - 168,600 )