For each of the following independent cases (1 to 4), compute the missing values. Note: Enter all amounts as positive values. Case 1 Case 2 Case 3 Case 4 Beginning raw materials Raw materials purchases Indirect materials issued Ending raw materials $ 699 6,900 $ 25,000 $ 108,000 54,000 11,250 50,640 500 2,500 700 2,900 1,500 2,950 95,000 Direct materials used 14,300 33,420 Direct labor 37,000 122,750 Manufacturing overhead applied 61,000 38,950 30,280 539,830 Total current manufacturing costs 82,600 94,400 Beginning work in process 50,000 36,600 100,520 Ending work in process 43,150 237,600 Cost of goods manufactured Beginning finished goods Ending finished goods Cost of goods sold 138,000 71,800 91,025 826,900 77,000 52,900 79,000 30,100 398,100 75,000 112,575 842,400

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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For each of the following independent cases (1 to 4), compute the missing values.
Note: Enter all amounts as positive values.
Case 1
Case 2
Case 3
Case 4
Beginning raw materials
Raw materials purchases
Indirect materials issued
Ending raw materials
$
69
6,900
$
25,000 $ 108,000
54,000
11,250
50,640
500
2,500
700
2,900
1,500
2,950
95,000
Direct materials used
14,300
33,420
Direct labor
37,000
122,750
Manufacturing overhead applied
61,000
38,950
30,280
539,830
Total current manufacturing costs
82,600
94,400
Beginning work in process
50,000
36,600
100,520
Ending work in process
43,150
237,600
Cost of goods manufactured
138,000
71,800
91,025
826,900
Beginning finished goods
77,000
52,900
Ending finished goods
79,000
30,100
398,100
Cost of goods sold
75,000
112,575
842,400
Transcribed Image Text:For each of the following independent cases (1 to 4), compute the missing values. Note: Enter all amounts as positive values. Case 1 Case 2 Case 3 Case 4 Beginning raw materials Raw materials purchases Indirect materials issued Ending raw materials $ 69 6,900 $ 25,000 $ 108,000 54,000 11,250 50,640 500 2,500 700 2,900 1,500 2,950 95,000 Direct materials used 14,300 33,420 Direct labor 37,000 122,750 Manufacturing overhead applied 61,000 38,950 30,280 539,830 Total current manufacturing costs 82,600 94,400 Beginning work in process 50,000 36,600 100,520 Ending work in process 43,150 237,600 Cost of goods manufactured 138,000 71,800 91,025 826,900 Beginning finished goods 77,000 52,900 Ending finished goods 79,000 30,100 398,100 Cost of goods sold 75,000 112,575 842,400
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