Question

In: Accounting

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

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 $5,400 $23,000 $106,000
Raw material purchases 54,000 11,850 42,640
Indirect materials issued 600 1,100 1,400 2,800
Ending raw materials 1,200 4,150 93,700
Direct materials used 13,900 33,520
Direct labor 32,000 122,350
Manufacturing overhead 54,000 40,250 30,080 541,730
Total current manufacturing costs 75,600 94,600
Beginning work in process 48,000 36,600 101,820
Ending work in process 42,650 237,200
Cost of goods manufactured 138,000 70,800 90,425 827,900
Beginning finished goods 75,000 52,500
Ending finished goods 71,000 30,200 398,100
Cost of goods sold 77,000 111,575 848,400

Solutions

Expert Solution

For each of the following independent cases (1–4), compute the missing values.

Case 1 Case 2 Case 3 Case 4
Beginning raw materials $5,400 7300 $23,000 $106,000
Raw material purchases 54,000 11,850 42,640 289700
Indirect materials issued 600 1,100 1,400 2,800
Ending raw materials 1,200 4,150 30720 93,700
Direct materials used 57600 13,900 33,520 299200
Direct labor 32,000 21450 31000 122,350
Manufacturing overhead 54,000 40,250 30,080 541,730
Total current manufacturing costs 143600 75,600 94,600 963280
Beginning work in process 48,000 36,600 38475 101,820
Ending work in process 53600 41400 42,650 237,200
Cost of goods manufactured 138,000 70,800 90,425 827,900
Beginning finished goods 75,000 36400 52,500 418600
Ending finished goods 71,000 30,200 31350 398,100
Cost of goods sold 142000 77,000 111,575 848,400

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