Home / Questions / Supply the missing data in the following cases below Each case is independent of the other...
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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