Exercise 14-10 Manufacturing cost data for Copa Company are presented below. Ind

Question

Exercise 14-10

Manufacturing cost data for Copa Company are presented below.

Indicate the missing amount for each letter (a) through (i).

Case A

Case B

Case C

Case A

Case B

Case C

Direct materials used $

(a) $73,910 $131,600 Direct labor 61,680 90,440

(g) Manufacturing overhead 48,490 82,560 106,700 Total manufacturing costs 200,100

(d) 257,800 Work in process 1/1/17

(b) 19,640

(h) Total cost of work in process 226,970

(e) 341,400 Work in process 12/31/17

(c) 16,090 74,070 Cost of goods manufactured 188,300

(f)

Explanation / Answer

a)Total manufacturing cost =Direct material +direct labor +overhead

200100 = DM+ 61680+48490

200100 = DM + 110170

Direct materials used = 200100- 110170 = 89930

B)Total cost of work in process = Total manufacturing cost+ Work in process 1/1/17

226970 =200100 +Work in process 1/1/17

Work in process 1/1/17 = 226970-200100

       = 26870

c)cost of goods manufactured =Total cost of work in process-Work in process 12/31/17

    188300 = 226970-Work in process 12/31/17

     Work in process 12/31/17 = 226970-188300

               = 38670

d)Total manufacturing costs= 73910+90440+82560

        =246910

e)Total cost of work in process = 246910+19640

       = 266550

f)Cost of goods manufactured = 266550-16090

               = 250460

g)Direct labor = 257800-131600-106700

           = 19500

h)Work in process 1/1/17 = 341400-257800

                = 83600

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