Chapter two Problems and Solutions

Chapter two Problems and Solutions - CALCULATIONS Problem...

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CALCULATIONS Problem No 2-39 Case A Case B Case C Beginning inventory, raw material 60000 20000 15000 Ending inventory, raw material 90000 10000 30000 Purchases of raw material 100000 85000 70000 Direct material 70000 95000 55000 Direct labor 200000 100000 125000 Manufacturing overhead 250000 150000 160000 Total manufacturing costs 520000 345000 340000 Beginning inventory, work in process 35000 20000 15000 Ending inventory, work in process 30000 35000 5000 Cost of goods manufactured 525000 330000 350000 Beginning inventory, finished goods 50000 40000 20000 Cost of goods available for sale 575000 370000 370000 Ending inventory, finished goods 30000 40000 25000 Cost of goods sold 545000 330000 345000 Sales 800000 500000 480000 Gross margin 255000 170000 135000 Selling and administrative expenses 105000 75000 45000 Income before taxes 150000 95000 90000 Income tax expense 40000 45000 35000 Net income 110000 50000 55000
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Chapter two Problems and Solutions - CALCULATIONS Problem...

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