Supply the missing data in the following cases. Each case is independent of the

Question

Supply the missing data in the following cases. Each case is independent of the others. (Leave no cells blank be certain to enter "O" wherever required.) Case 2 3 4 Direct materials Direct labour Manufacturing overhead Total manufacturing costs Beginning work-in-process $6,300 $7,800$6,800 $ 4,800 5,800 10,800 4,800 5,800 8,800 6,800 20,300 4,300 21,800 4,800 5,800 invento Ending work-in-process inventory Cost of goods manufactured Sales Beginning finished goods inventory Cost of goods manufactured Goods available for sale Ending finished goods inventory Cost of goods sold Gross margin Operating expenses Net income 2,800 18,500 30,000 4,300 3,900 19,800 31,200 2,800 41,800 3,800 21,100 37,800 3,300 5,800 19,100 18,700 5,300 17,300 13,900 5,250 $5,800 $8,600$10,800

Explanation / Answer

Working:

The blanks are as folllows Case 1 2 3 4 Direct Material A Direct Labor B 7200 Manufacturing Overhead C 6200 Total Manufacturing costs (A+B+C) D 18400 21400 Beginning work-in-process inventory E 2900 3600 Ending work-in-process inventory F 4800 Cost of goods manufactued (D+E-F) G 20800 21100 Sales H Beginning finished goods inventory I 4100 Cost of goods manufactured (G) J 19800 18500 20800 Cost of goods available for sale(I+J) K 22600 22800 24900 24800 Ending finished goods inventory L Cost of goods sold (K-L) M 19500 19500 Gross margin (H-M) N 10500 13900 Operating expenses O 8100 10100 3100 Net income (N-O) P 5250

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