(a) Incomplete manufacturing costs, expenses, and selling data for two different cases are as follows. Case RM Direct Materials Used Direct Labour Manufacturing Overhead Total Manufacturing Costs Beginning Work In Process Inventory Ending Work In Process Inventory Sales Sales Discounts Cost of Goods Manufactured Beginning Finished Goods Inventory Goods Available for Sale Cost of Goods Sold Ending Finished Goods Inventory Gross Profit Operating Expenses | Net Income 8,300 3,000 4,000 (a) 1,000 (b) 21,500 1,500 12,800 (c) 17,300 (d) 1,200 (e) 2,700 (f) RM (g) 4,000 5,000 22,000 (h) 2,000 (i) 1,200 21,000 4,000 (i) (k) 2,500 6,000 (1) 2,800 Required : Compute (CLO3,C3) the answer by showing the item and cost of the missing amount for each letter.
(a) Incomplete manufacturing costs, expenses, and selling data for two different cases are as follows. Case RM Direct Materials Used Direct Labour Manufacturing Overhead Total Manufacturing Costs Beginning Work In Process Inventory Ending Work In Process Inventory Sales Sales Discounts Cost of Goods Manufactured Beginning Finished Goods Inventory Goods Available for Sale Cost of Goods Sold Ending Finished Goods Inventory Gross Profit Operating Expenses | Net Income 8,300 3,000 4,000 (a) 1,000 (b) 21,500 1,500 12,800 (c) 17,300 (d) 1,200 (e) 2,700 (f) RM (g) 4,000 5,000 22,000 (h) 2,000 (i) 1,200 21,000 4,000 (i) (k) 2,500 6,000 (1) 2,800 Required : Compute (CLO3,C3) the answer by showing the item and cost of the missing amount for each letter.
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter3: Cost Behavior And Cost Forecasting
Section: Chapter Questions
Problem 21BEA: Inventory Valuation under Absorption Costing Refer to the data for Judson Company above. Required:...
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