Question

Determine the missing amount for each letter. Case 1 2 Direct materials used $9,850 $ (g) Direct labor 5,460 9,060 Manufacturing overhead 9,030 4,350 Total manufacturing costs (a) 16,870 Beginning work in process inventory 1,490 (h) Ending work in process inventory (b) 3,300 Sales revenue 25,200 (i) Sales discounts 2,720 2,120 Cost of goods manufactured 18,100 22,160 Beginning finished goods inventory (c) 3,870 Cost of goods available for sale 22,510 (j) Cost of goods sold (d) (k) Ending finished goods inventory 4,340 2,630 Gross profit (e) 7,620 Operating expenses 3,350 (l) Net income (f) 5,350

          Determine the missing amount for each letter.
Case
1
2
Direct materials used
$9,850
$
(g)
Direct labor
5,460
9,060
Manufacturing overhead
9,030
4,350
Total manufacturing costs
(a)
16,870
Beginning work in process inventory
1,490
(h)
Ending work in process inventory
(b)
3,300
Sales revenue
25,200
(i)
Sales discounts
2,720
2,120
Cost of goods manufactured
18,100
22,160
Beginning finished goods inventory
(c)
3,870
Cost of goods available for sale
22,510
(j)
Cost of goods sold
(d)
(k)
Ending finished goods inventory
4,340
2,630
Gross profit
(e)
7,620
Operating expenses
3,350
(l)
Net income
(f)
5,350

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Determine the missing amount for each letter.
Case
1
2
Direct materials used
9,850
(g)
Direct labor
5,460
9,060
Manufacturing overhead
9,030
4,350
Total manufacturing costs
(a)
16,870
Beginning work in process inventory
1,490
(h)
Ending work in process inventory
(b)
3,300
Sales revenue
25,200
(i)
Sales discounts
2,720
2,120
Cost of goods manufactured
18,100
22,160
Beginning finished goods inventory
(c)
3,870
Cost of goods available for sale
22,510
(j)
Cost of goods sold
(d)
(k)
Ending finished goods inventory
4,340
2,630
Gross profit
(e)
7,620
Operating expenses
3,350
(l)
Net income
(f)
5,350

Added by Sheryl H.

Horngren’s Cost Accounting

Srikant M. Datar, Madhav V. Rajan 16th Edition

Instant Answer

Solved by Expert Akash M

09/10/2023

Step 1

To find the missing amount for Direct materials used in Case 1, we need to subtract the Direct materials used in Case 2 from the Total manufacturing costs. Missing amount for Direct materials used in Case 1 = Total manufacturing costs - Direct materials used in Show more…

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Texts: Please fill out the following. (a) Determine the missing amount for each letter. Case 1 2 Direct materials used $9,850 $9,060 Direct labor $5,460 Manufacturing overhead $9,030 $4,350 Total manufacturing costs $16,870 Beginning work in process inventory $1,490 Ending work in process inventory $3,300 Sales revenue $25,200 Sales discounts $2,720 $2,120 Cost of goods manufactured $18,100 Beginning finished goods inventory $3,870 Cost of goods available for sale $22,510 Cost of goods sold $2,630 Ending finished goods inventory $4,340 Gross profit $7,620 Operating expenses $3,350 Net income $5,350

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