Banner, Inc. Larry's Bakery Sports Gear Beginning Work-in-Process Inventory (a) $ 40,800 $ 2,200 Direct Materials Used 14,400 35,900 (6) 1,900 Direct Labor 10,300 20,100 Manufacturing Overhead Total Manufacturing Costs Incurred during the Year Total Manufacturing Costs to Account for Ending Work-in-Process Inventory (b) 10,000 900 45,200 (d) (h) 55,400 (e) 8,300 (c) (25,500) (2,600) Cost of Goods Manufactured $ 50,500 (f) %24

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Computing cost of goods manufactured

Consider the following partially completed schedules of cost of goods manufactured. Compute the missing amounts.

 

Banner, Inc. Larry's Bakery Sports Gear
Beginning Work-in-Process Inventory
(a)
$ 40,800
$ 2,200
Direct Materials Used
14,400
35,900
(6)
1,900
Direct Labor
10,300
20,100
Manufacturing Overhead
Total Manufacturing Costs Incurred during the Year
Total Manufacturing Costs to Account for
Ending Work-in-Process Inventory
(b)
10,000
900
45,200
(d)
(h)
55,400
(e)
8,300
(c)
(25,500)
(2,600)
Cost of Goods Manufactured
$ 50,500
(f)
%24
Transcribed Image Text:Banner, Inc. Larry's Bakery Sports Gear Beginning Work-in-Process Inventory (a) $ 40,800 $ 2,200 Direct Materials Used 14,400 35,900 (6) 1,900 Direct Labor 10,300 20,100 Manufacturing Overhead Total Manufacturing Costs Incurred during the Year Total Manufacturing Costs to Account for Ending Work-in-Process Inventory (b) 10,000 900 45,200 (d) (h) 55,400 (e) 8,300 (c) (25,500) (2,600) Cost of Goods Manufactured $ 50,500 (f) %24
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