Question

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Manufacturing cost data for Cheyenne Company are presented below. Indicate the missing amount for each letter...

Manufacturing cost data for Cheyenne Company are presented below.

Indicate the missing amount for each letter (a) through (i).

Case A

Case B

Case C
Direct materials used $ (a) $72,740 $131,500
Direct labor 59,740 89,280 (g)
Manufacturing overhead 50,480 82,550 104,400
Total manufacturing costs 201,900 (d) 255,900
Work in process 1/1/17 (b) 20,740 (h)
Total cost of work in process 225,820 (e) 341,400
Work in process 12/31/17 (c) 15,360 73,580
Cost of goods manufactured 188,300 (f) (i)

Solutions

Expert Solution

Case A

a.

Total manufacturing cost = Direct material used + Direct labor + Manufacturing overhead

201,900 = Direct material used + 59,740 + 50,480

Direct material used = $91,680

b.

Total cost of work in process = Total manufacturing costs + Work in process 1/1/17

225,820 = 201,900 + Work in process 1/1/17

Work in process 1/1/17 = 225,820 - 201,900

= $23,920

c.

Cost of goods manufactured = Total manufacturing cost - Work in process 12/31/17

188,300 = 201,900 - Work in process 12/31/17

Work in process 12/31/17 = $13,600

Case B

d.

Total manufacturing cost = Direct material used + Direct labor + Manufacturing overhead

= 72,740 + 89,280 + 82,550

= $244,570

e.

Total cost of work in process = Total manufacturing costs + Work in process 1/1/17

= 244,570 + 20,740

= $265,310

f.

Cost of goods manufactured = Total manufacturing cost - Work in process 12/31/17

= 244,570 - 15,360

= $229,210

Case C

g.

Total manufacturing cost = Direct material used + Direct labor + Manufacturing overhead

255,900 = 131,500 + Direct labor + 104,400

Direct labor = $20,000

h.

Total cost of work in process = Total manufacturing costs + Work in process 1/1/17

341,400 = 255,900 + Work in process 1/1/17

Work in process 1/1/17 = $85,500

i.

Cost of goods manufactured = Total manufacturing cost - Work in process 12/31/17

= 255,900 - 73,580

= $182,320

ekkarill92 answered 2 years ago
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