Home / Questions / Supply the missing data in the following cases below Each case is independent of the other...
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Supply the missing data in the following cases below. Each case is independent of the others. (Input all amounts as positive values. Omit the "$" sign in your response.) |
| Case | ||||
| 1 | 2 | 3 | 4 | |
|
Schedule of Cost of Goods |
||||
| Direct materials | $6,800 | $8,700 | $6,300 | $8,000 |
| Direct labor | 4,000 | 4,300 | 3,000 | |
| Manufacturing overhead |
10,100 |
12,200 |
|
20,900 |
| Total manufacturing costs | 18,800 | 17,900 | ||
|
Beginning work in process |
2,900 | 1,800 | ||
| Ending work in process inventory | 3,300 | 3,500 | 2,300 | |
| Cost of goods manufactured |
$17,900 |
$22,400 |
$ |
$ |
| Income Statement | ||||
| Sales |
$25,200 |
$39,800 |
$30,000 |
$49,900 |
|
Beginning finished goods |
5,900 | 7,900 | 9,200 | |
| Cost of goods manufactured |
17,900 |
22,400 |
|
31,500 |
| Goods available for sale | ||||
| Ending finished goods inventory | 3,800 | 5,100 | 7,200 | |
| Cost of goods sold |
15,000 |
|
18,300 |
|
| Gross margin | 10,200 | 11,700 | ||
|
Selling and administrative |
8,000 | |||
| Net operating income |
$4,300 |
$ |
$3,100 |
$6,600 |
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