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An auditor for the Internal Revenue Service is trying to reconstruct some partially destroyed records of two taxpaye (Click the icon to view the records.) Requirement For each of the cases, find the unknowns designated by the letters A and B for Case 1 and C and D for Case 2. Cost of goods sold Finally, complete the schedule of cost of goods manufactured to solve for D. Manufacturing overhead costs. Direct materials used Direct manufacturing labor Manufacturing overhead costs 17000 7600

An auditor for the Internal Revenue Service is trying to reconstruct some partially destroyed records of two taxpaye (Click the icon to view the records.) Requirement For each of the cases, find the unknowns designated by the letters A and B for Case 1 and C and D for Case 2. Cost of goods sold Finally, complete the schedule of cost of goods manufactured to solve for D. Manufacturing overhead costs. Direct materials used Direct manufacturing labor Manufacturing overhead costs 17000 7600

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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An auditor for t BEE (Click the Requirement For each of the Case 1: Find th First, solve for Revenues Cost of goods Gross margin Next complete Direct materia Direct manufa Manufacturing An auditor for t (Click the i Requirement For each of the Case 1: Find th First, solve for Data table Show Transcribed Text Revenues Cost of goods ross margin ext complete Direct material Accounts receivable, December 31 Cost of goods sold Accounts payable, January 1 Accounts payable, December 31 Finished-goods inventory, December 31 Gross margin Work-in-process inventory, January 1 Work-in-process inventory, December 31 Finished-goods inventory, January 1 Direct materials used MacBook Pro Print Data table Accounts payable, January 1 Accounts payable, December 31 Finished-goods inventory, December 31 Gross margin Work-in-process inventory, January 1 Work-in-process inventory, December 31 Finished-goods inventory, January 1 Direct materials used Direct manufacturing labor Manufacturing overhead costs Purchases of direct materials Revenues Accounts receivable, January 1 Case 1 Case 2 (in thousands) c $10,000 $ A 4,400 2,800 B Done 16,300 2,600 0 12,000 7,000 4,400 2,800 3,160 1,860 6,400 C 1,000 4,500 12,000 11,000 7,000 17,000 4,700 7,600 7,200 D 14,800 8,500 44,000 47,200 1,000 2,400 A 700 B 16,300 2,600 0 1,540 29,000 3,160 1,860 6,400 C 1,000 4,500 11,000 17,000 7.600 taxpayers. se 2. se 2. for any zero ba iz: 6 point(s) possible Xestion: 1 point(s) possil taxpayers. for any zero balances.)
Transcribed Image Text:An auditor for t BEE (Click the Requirement For each of the Case 1: Find th First, solve for Revenues Cost of goods Gross margin Next complete Direct materia Direct manufa Manufacturing An auditor for t (Click the i Requirement For each of the Case 1: Find th First, solve for Data table Show Transcribed Text Revenues Cost of goods ross margin ext complete Direct material Accounts receivable, December 31 Cost of goods sold Accounts payable, January 1 Accounts payable, December 31 Finished-goods inventory, December 31 Gross margin Work-in-process inventory, January 1 Work-in-process inventory, December 31 Finished-goods inventory, January 1 Direct materials used MacBook Pro Print Data table Accounts payable, January 1 Accounts payable, December 31 Finished-goods inventory, December 31 Gross margin Work-in-process inventory, January 1 Work-in-process inventory, December 31 Finished-goods inventory, January 1 Direct materials used Direct manufacturing labor Manufacturing overhead costs Purchases of direct materials Revenues Accounts receivable, January 1 Case 1 Case 2 (in thousands) c $10,000 $ A 4,400 2,800 B Done 16,300 2,600 0 12,000 7,000 4,400 2,800 3,160 1,860 6,400 C 1,000 4,500 12,000 11,000 7,000 17,000 4,700 7,600 7,200 D 14,800 8,500 44,000 47,200 1,000 2,400 A 700 B 16,300 2,600 0 1,540 29,000 3,160 1,860 6,400 C 1,000 4,500 11,000 17,000 7.600 taxpayers. se 2. se 2. for any zero ba iz: 6 point(s) possible Xestion: 1 point(s) possil taxpayers. for any zero balances.)
An auditor for the Internal Revenue Service is trying to reconstruct some partially destroyed records of two taxpayers. (Click the icon to view the records.) Requirement For each of the cases, find the unknowns designated by the letters A and B for Case 1 and C and D for Case 2. Cost of goods sold Finally, complete the schedule of cost of goods manufactured to solve for D. Manufacturing overhead costs. Direct materials used Direct manufacturing labor Manufacturing overhead costs Total manufacturing costs incurred Work-in-process inventory, 1/1 Total manufacturing costs to account for Work-in-process inventory, 12/31 Cnet of nonde manufacturad 17000 7600 1000 4500
Transcribed Image Text:An auditor for the Internal Revenue Service is trying to reconstruct some partially destroyed records of two taxpayers. (Click the icon to view the records.) Requirement For each of the cases, find the unknowns designated by the letters A and B for Case 1 and C and D for Case 2. Cost of goods sold Finally, complete the schedule of cost of goods manufactured to solve for D. Manufacturing overhead costs. Direct materials used Direct manufacturing labor Manufacturing overhead costs Total manufacturing costs incurred Work-in-process inventory, 1/1 Total manufacturing costs to account for Work-in-process inventory, 12/31 Cnet of nonde manufacturad 17000 7600 1000 4500
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