week 6 P2-41 - 30,000 35,000 5,000 Cost of goods...

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Problem 2-41 Incomplete Data; Manufacturing Costs (LO 2, 5) Determine the missing amounts in each of the following independent cases. (Omit the "$" sign in your response.)
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Case A Case B Case C Beginning inventory, raw material $ 60,000 $ 20,000 $ 15,000 Ending inventory, raw material $ 90,000 10,000 $ 30,000 Purchases of raw material 100,000 85,000 70,000 Direct material 70,000 95,000 55,000 Direct labor
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200,000 100,000 125,000 Manufacturing overhead 250,000 150,000 160,000 Total manufacturing costs 520,000 345,000 340,000 Beginning inventory, work in process 35,000 20,000 15,000 Ending inventory, work in process
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Unformatted text preview: 30,000 35,000 5,000 Cost of goods manufactured 525,000 330,000 350,000 Beginning inventory, finished goods 50,000 40,000 20,000 Cost of goods available for sale 575,000 370,000 370,000 Ending inventory, finished goods 30,000 40,000 25,000 Cost of goods sold 545,000 330,000 345,000 Sales 800,000 500,000 480,000 Gross margin 255,000 170,000 135,000 Selling and administrative expenses 105,000 75,000 45,000 Income before taxes 150,000 95,000 90,000 Income tax expense 40,000 45,000 35,000 Net income 110,000 50,000 55,000...
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week 6 P2-41 - 30,000 35,000 5,000 Cost of goods...

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