M10-Chp-02-3-Manufact-Costs-missing-amounts

M10-Chp-02-3-Manufact-Costs-missing-amounts - Problem...

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Problem eca75c6a505e90204cd9323ae01e5438cf7af0c9.xls Manufacturing Cost Accounting Case 1 Case 2 Case 3 Case 4 Beginning Direct Materials Inventory $0 $5,000 $3,000 $0 Add: Purchases of Direct Materials Total Direct Materials Available $8,000 $9,000 Less: End. Direct Materials Inventory $500 $2,000 Direct materials used in production $4,500 $6,000 $5,000 $3,000 Direct labor applied to production 3,000 7,000 4,000 Manufacturing overhead 5,000 4,000 9,000 Total manufacturing costs 18,500 13,000 20,000 16,000 Beginning work in process inventory 2,500 3,000 Ending work in process inventory (1,000) (4,000) (3,000) Cost of goods manufactured $18,000 $14,000 $19,000 $17,500 Sales $30,000 $21,000 $36,000 $40,000 Beginning finished goods inventory 1,000 2,500 2,000 Cost of goods manufactured 18,000 14,000 17,500 Goods available for sale Ending finished goods inventory (1,500) (4,000) (3,500) Cost of goods sold 17,000 15,000 18,500 16,000 Gross margin 13,000 6,000 17,500 24,000 Selling & administrative expenses (3,500) Net operating income $13,000 $2,500 $5,000 $9,000
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Solution eca75c6a505e90204cd9323ae01e5438cf7af0c9.xls Manufacturing Cost Accounting Case 1 Case 2 Case 3 Case 4
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M10-Chp-02-3-Manufact-Costs-missing-amounts - Problem...

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