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The following information is taken from the accounting records of four different companies. Provide the missing...

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 $15,900 $ $6,500 $166,000
Purchases of direct materials 86,400 52,600 258,900
Total direct materials available for use 394,900 112,000
Direct Materials Inventory, ending 26,200 59,750
Direct materials used in production 91,100
Direct labor 212,000 25,000 298,500
Total manufacturing overhead 255,000 107,100 64,300
Total manufacturing cost 233,800 138,300 927,250
Beginning Work in Process Inventory 162,400 38,700
Ending Work in Process Inventory 49,800 35,600 83,050
Cost of goods manufactured 818,400 103,450 985,500
Finished Goods Inventory, beginning 35,100 25,900
Cost of goods available for sale 423,000 140,050
Finished Goods Inventory, ending 12,500 51,100
Cost of Goods Sold 796,400

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ekkarill92 answered 1 year ago
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