Consider the following partially completed schedules of cost of goods manufactured. Compute the missing amounts. Complete Schedules Beginning Work- in-Process Inventory Direct Materials Used Direct Labor Manufacturing Overhead Total Manufacturing Costs Incurred Total Manufacturing Costs to Account For Ending Work-in- Process Inventory Cost of Goods Manufactured Gannon's Gears 16,830 12,200 48,350 57,350 49,600 Sean's Scooters 42,600 36,880 19,080 11,670 -28,820 Lily's Phones 6,140 5,410 4,280 19,650 -3,880

Consider the following partially completed schedules of cost of goods manufactured. Compute the missing amounts. Complete Schedules Beginning Work- in-Process Inventory Direct Materials Used Direct Labor Manufacturing Overhead Total Manufacturing Costs Incurred Total Manufacturing Costs to Account For Ending Work-in- Process Inventory Cost of Goods Manufactured Gannon's Gears 16,830 12,200 48,350 57,350 49,600 Sean's Scooters 42,600 36,880 19,080 11,670 -28,820 Lily's Phones 6,140 5,410 4,280 19,650 -3,880

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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Question

K 22

Consider the following partially completed schedules of cost of goods manufactured. Compute the missing
amounts.
Complete
Schedules
Beginning Work-
in-Process
Inventory
Direct Materials
Used
Direct Labor
Manufacturing
Overhead
Total
Manufacturing
Costs Incurred
Total
Manufacturing
Costs to
Account For
Ending Work-in-
Process
Inventory
Cost of Goods
Manufactured
Gannon's Gears
16,830
12,200
48,350
57,350
49,600
Sean's Scooters
42,600
36,880
19,080
11,670
-28,820
Lily's Phones
6,140
5,410
4,280
19,650
-3,880

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