Question

Required: Supply the missing data in the following cases. Each case is independent of the others. Case 2 3 6,200 $ 7,700 $ 4.700 5,700 6.700 $ 8,700 4.700 5.700 10.700 6,700 20,200 4,200 21,700 4.700 2,850 2,700 3.850 Direct materials Direct labour Manufacturing overhead Total manufacturing costs Beginning work-in-process inventory Ending work-in-process inventory Cost of goods manufactured Sales Beginning finished goods inventory Cost of goods manufactured Goods available for sale Ending finished goods inventory Cost of goods sold Gross margir Operating expenses 19,700 33,800 2,700 20.700 37.700 41.700 29,500 4,200 20.900 24.600 5.200 3,200 5.700 50% 40% 5.150 $ 5.700 5 8.400 $ 10.700

please help thank you!

Answer 1

	Case 1	Case 2	Case 3	Case 4
Direct Material	$            6,200	$         7,700	$            6,700	$             4,700
Direct Labor	$            7,300	$         4,700	$            8,700	$             5,700
Manufacturing Overhead	$            6,700	$         5,700	$            6,300	$           10,700
Total Manufacturing Costs	$          20,200	$       18,100	$          21,700	$           21,100
Beginning work in process inventory	$            4,200	$         2,850	$            4,700	$             3,650
Ending work in process inventory	$            4,700	$         2,700	$            5,700	$             3,850
Cost of Goods manufactured	$          19,700	$       18,250	$          20,700	$           20,900
Sales Revenue	$          33,800	$       29,500	$          37,700	$           41,700
Beginning Finished Goods inventory	$            2,700	$         4,200	$            3,850	$             3,700
Cost of Goods manufactured	$          19,700	$       18,250	$          20,700	$           20,900
Goods Available for Sales	$          22,400	$       22,450	$          24,550	$           24,600
Ending Finished Goods inventory	$            2,120	$         3,200	$            5,700	$             5,200
Cost of Goods Sold	$          20,280	$       19,250	50%	$           19,400
Gross Margin	40%	$       10,250	$          18,850	$           22,300
Operating Expenses	$ 7,820	$         5,150	$          10,450	$           11,600
Net Income	$            5,700	$         5,100	$            8,400	$           10,700

Total Period Costs = 11900 x (4+3+2+0.50) = $113050

Total Product Costs = 11900 x (7+3.40+1.90+5) = $205870

If you have any query, kindly comment with your query and please mark thumbs up.