Question

E2-19 Calculating Missing Amounts and Cost of Goods Manufactured and Sold [LO 2-3, 2-4, 2-5, 2-6] 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 $6,400 55,000 700 1,600 $ 22,000$91,000 Beginning raw materials Raw material purchases Indirect materials issued Ending raw materials Direct materials used Direct labor Manufacturing overhead Total current manufacturing costs Beginning work in process Ending work in process Cost of goods manufactured Beginning finished goods Ending finished goods Cost of goods sold 11,350 1,100 2,350 14,400 41,640 600 2,400 95,200 32,220 37,000 122,950 39,950 81,600 36.600 59,000 30,280 540,030 93,100 42,000 41,350 89,725 53,000 102,220 237,900 825,900 135,000 76,000 72,000 73,800 31,200 398,500 73,000 111,775 842,400

Answer 1

	Case 1	Case 2	Case 3	Case 4
Beginning raw material	$        6,400.00	$    6,500.00	$      22,000.00	$      91,000.00
Raw material purchases	$      55,000.00	$ 11,350.00	$      41,640.00	$ 2,96,200.00
Indirect material issued	$            700.00	$    1,100.00	$            600.00	$        2,400.00
Ending raw material	$        1,600.00	$    2,350.00	$      30,820.00	$      95,200.00
Direct material used	$      59,100.00	$ 14,400.00	$      32,220.00	$ 2,98,600.00
Direct labor	$      37,000.00	$ 27,250.00	$      30,600.00	$ 1,22,950.00
Manufacturing overheads	$      59,000.00	$ 39,950.00	$      30,280.00	$ 5,40,030.00
Total Current manufacturing costs	$ 1,55,100.00	$ 81,600.00	$      93,100.00	$ 9,61,580.00
Beginning Work in process	$      42,000.00	$ 36,600.00	$      37,975.00	$ 1,02,220.00
Ending Work in process	$      62,100.00	$ 44,400.00	$      41,350.00	$ 2,37,900.00
Cost of goods manufactured	$ 1,35,000.00	$ 73,800.00	$      89,725.00	$ 8,25,900.00
Beginning finished goods	$      76,000.00	$ 30,400.00	$      53,000.00	$ 4,06,000.00
Ending finished goods	$      72,000.00	$ 31,200.00	$      30,950.00	$ 3,89,500.00
Cost of goods sold	$ 1,39,000.00	$ 73,000.00	$ 1,11,775.00	$ 8,42,400.00

Working note

	Case 1	Case 2	Case 3	Case 4
Beginning raw material	6400	=14400-11350+1100+2350	22000	91000
Raw material purchases	55000	11350	41640	=2400+95200+289600-91000
Indirect material issued	700	1100	600	2400
Ending raw material	1600	2350	=22000+41640-32220-600	95200
Direct material used	=6400+55000-700-1600	14400	32220	=961580-540030-122950
Direct labor	37000	=81600-14400-39950	=93100-32220-30280	122950
Manufacturing overheads	59000	39950	30280	540030
Total Current manufacturing costs	=59100+37000+59000	81600	93100	=825900-102220+237900
Beginning Work in process	42000	36600	=89725+41350-93100	102220
Ending Work in process	=155100+42000-135000	=81600+36600-73800	41350	237900
Cost of goods manufactured	135000	73800	89725	825900
Beginning finished goods	76000	=73000+31200-73800	53000	=842400+389500-825900
Ending finished goods	72000	31200	=89725+53000-111775	389500
Cost of goods sold	=135000+76000-72000	73000	111775	842400