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
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
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Computing cost of goods manufactured
Consider the following partially completed schedules of cost of goods manufactured. Compute the missing amounts.

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
Expert Solution

This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 3 steps with 9 images

Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you


Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,

Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,


Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,

Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,

Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON

Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education

Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education