I figured out Case 1 but can you help with Case 2 and 3. Please explain how you got the answers though. I want to learn. Case 1Case 2Case 3Direct material usedDirect laborManufacturing overhead applied11,00010,80012,00012,000Total current manufacturing costs28,00030,300Beginning work in process inventory8,6007,900Ending work in process inventory5,8009,200Cost of goods manufactured44,00013,001Beginning finished goods inventory4,80011,100Ending finished goods inventory7,4006,700Cost of goods sold33,00040,000 Mulligan Manufacturing Company uses a job order cost system with overhead applied to products at a rate of 150 percent of directlabor cost.Required:Treating each case independently, selected from the manufacturing data given below, find the missing amounts. You should do themin the order listed. (Hint: For the manufacturing costs in Case 3, first solve for conversion costs and then determine how much of that isdirect labor and how much is manufacturing overhead.) (Do not round your intermediate calculations. Round your final answers tothe nearest whole dollar. Enter all amounts as positive values.)

Manufacturing overhead applied is calculated as 150% of direct labor cost. Total manufacturing costs…

Case 1 Case 2 Case 3 Direct material used 11,000 10,800 Direct labor 12,000 Manufacturing overhead applied 12,000 Total current manufacturing costs 28,000 30,300 Beginning work in process inventory 8,600 7,900 Ending work in process inventory 5,800 9,200 Cost of goods manufactured 44,000 13,001 Beginning finished goods inventory Ending finished goods inventory 4,800 11,100 7,400 6,700 Cost of goods sold 33,000 40,000

Case 1 Case 2 Case 3 Direct material used 11,000 10,800 Direct labor 12,000 Manufacturing overhead applied 12,000 Total current manufacturing costs 28,000 30,300 Beginning work in process inventory 8,600 7,900 Ending work in process inventory 5,800 9,200 Cost of goods manufactured 44,000 13,001 Beginning finished goods inventory Ending finished goods inventory 4,800 11,100 7,400 6,700 Cost of goods sold 33,000 40,000

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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