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Cost of Goods Manufactured and Sold The following data relate to three independent production periods of Randolph Manufacturing Company. Missing data are indicated by question marks. Materials: Beginning inventory Purchases Ending inventory Total material used Direct labor Manufacturing overhead: Indirect material Indirect labor Other Total manufacturing overhead Work in process inventories: Beginning Ending A B C $78 $410 $220 ? 1,750 1,000 250 111 495 ? 880 870 2,400 1,600 144 ? 110 240 375 700 ? 500 680 780 1,100 7 ? 225 520 105 ? 200 ? 1,000 160 Ending 495 300 660 Cost of goods manufactured 2,076 ? 2,016 5,275 ? ? Finished goods inventories: Beginning Cost of goods sold Using the above data, determine the missing amounts. (You should set up a schedule of cost of goods manufactured and sold, fill in the known data, and calculate the missing Do not use negative signs with any of your answers. Schedule of Cost of Goods Manufactured and Sold A B с Direct Material: Beginning materials inventory $78 $410 $220 Cost of materials purchased 0 0 0 Cost of material available 0 0 0 Less: Ending materials inventory 0 0 0 Total material used 0 0 0 Less: Indirect material used 0 0 0 Direct material used 0 0 0 Direct labor 870 2,400 1,600 Manufacturing overhead: Indirect material 0 0 0 Indirect labor 0 0 0 Other manufacturing overhead 0 0 0 Total manufacturing overhead 0 0 Total manufacturing costs 0 0 0 Add: Beginning work in process inventory 0 0 0 Total cost of work in process 0 0 Less: Ending work in process inventory 0 0 Cost of goods manufactured 0 0 0 Add: Beginning finished goods inventory 0 0 0 Cost of goods available 0 0 Less: Ending finished goods inventory Cost of goods sold 0 $ 05 0 $ 0

Cost of Goods Manufactured and Sold The following data relate to three independent production periods of Randolph Manufacturing Company. Missing data are indicated by question marks. Materials: Beginning inventory Purchases Ending inventory Total material used Direct labor Manufacturing overhead: Indirect material Indirect labor Other Total manufacturing overhead Work in process inventories: Beginning Ending A B C $78 $410 $220 ? 1,750 1,000 250 111 495 ? 880 870 2,400 1,600 144 ? 110 240 375 700 ? 500 680 780 1,100 7 ? 225 520 105 ? 200 ? 1,000 160 Ending 495 300 660 Cost of goods manufactured 2,076 ? 2,016 5,275 ? ? Finished goods inventories: Beginning Cost of goods sold Using the above data, determine the missing amounts. (You should set up a schedule of cost of goods manufactured and sold, fill in the known data, and calculate the missing Do not use negative signs with any of your answers. Schedule of Cost of Goods Manufactured and Sold A B с Direct Material: Beginning materials inventory $78 $410 $220 Cost of materials purchased 0 0 0 Cost of material available 0 0 0 Less: Ending materials inventory 0 0 0 Total material used 0 0 0 Less: Indirect material used 0 0 0 Direct material used 0 0 0 Direct labor 870 2,400 1,600 Manufacturing overhead: Indirect material 0 0 0 Indirect labor 0 0 0 Other manufacturing overhead 0 0 0 Total manufacturing overhead 0 0 Total manufacturing costs 0 0 0 Add: Beginning work in process inventory 0 0 0 Total cost of work in process 0 0 Less: Ending work in process inventory 0 0 Cost of goods manufactured 0 0 0 Add: Beginning finished goods inventory 0 0 0 Cost of goods available 0 0 Less: Ending finished goods inventory Cost of goods sold 0 $ 05 0 $ 0

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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Cost of Goods Manufactured and Sold The following data relate to three independent production periods of Randolph Manufacturing Company. Missing data are indicated by question marks. Materials: Beginning inventory Purchases Ending inventory Total material used Direct labor Manufacturing overhead: Indirect material Indirect labor Other Total manufacturing overhead Work in process inventories: Beginning Ending Finished goods inventories: Beginning Ending Cost of goods manufactured Cost of goods sold A B C $78 $410 $220 ? 1,750 1,000 250 111 495 ? ? 880 870 2,400 1,600 144 ? 110 240 375 700 500 680 780 1,100 7 ? 225 520 105 ? 200 ? 1,000 160 495 300 660 2,076 ? 2,016 5,275 ? ? Using the above data, determine the missing amounts. (You should set up a schedule of cost of goods manufactured and sold, fill in the known data, and calculate the missing amounts.) Do not use negative signs with any of your answers. Schedule of Cost of Goods Manufactured and Sold A B C Direct Material: Beginning materials inventory $78 $410 $ 220 Cost of materials purchased 0 0 0 Cost of material available 0 0 0 Less: Ending materials inventory 0 0 0 Total material used 0 0 0 Less: Indirect material used 0 0 0 Direct material used 0 0 Direct labor 870 2,400 1,600 Manufacturing overhead: Indirect material 0 0 0 Indirect labor 0 0 0 Other manufacturing overhead 0 0 0 Total manufacturing overhead 0 0 0 Total manufacturing costs 0 0 Add: Beginning work in process inventory 0 0 0 Total cost of work in process 0 0 0 Less: Ending work in process inventory 0 0 0 Cost of goods manufactured 0 0 Add: Beginning finished goods inventory 0 0 0 Cost of goods available 0 0 Less: Ending finished goods inventory 0 0 0 $ Cost of goods sold 0 $ 0 $ 0
Transcribed Image Text:Cost of Goods Manufactured and Sold The following data relate to three independent production periods of Randolph Manufacturing Company. Missing data are indicated by question marks. Materials: Beginning inventory Purchases Ending inventory Total material used Direct labor Manufacturing overhead: Indirect material Indirect labor Other Total manufacturing overhead Work in process inventories: Beginning Ending Finished goods inventories: Beginning Ending Cost of goods manufactured Cost of goods sold A B C $78 $410 $220 ? 1,750 1,000 250 111 495 ? ? 880 870 2,400 1,600 144 ? 110 240 375 700 500 680 780 1,100 7 ? 225 520 105 ? 200 ? 1,000 160 495 300 660 2,076 ? 2,016 5,275 ? ? Using the above data, determine the missing amounts. (You should set up a schedule of cost of goods manufactured and sold, fill in the known data, and calculate the missing amounts.) Do not use negative signs with any of your answers. Schedule of Cost of Goods Manufactured and Sold A B C Direct Material: Beginning materials inventory $78 $410 $ 220 Cost of materials purchased 0 0 0 Cost of material available 0 0 0 Less: Ending materials inventory 0 0 0 Total material used 0 0 0 Less: Indirect material used 0 0 0 Direct material used 0 0 Direct labor 870 2,400 1,600 Manufacturing overhead: Indirect material 0 0 0 Indirect labor 0 0 0 Other manufacturing overhead 0 0 0 Total manufacturing overhead 0 0 0 Total manufacturing costs 0 0 Add: Beginning work in process inventory 0 0 0 Total cost of work in process 0 0 0 Less: Ending work in process inventory 0 0 0 Cost of goods manufactured 0 0 Add: Beginning finished goods inventory 0 0 0 Cost of goods available 0 0 Less: Ending finished goods inventory 0 0 0 $ Cost of goods sold 0 $ 0 $ 0
Cost of Goods Manufactured and Sold The following data relate to three independent production periods of Randolph Manufacturing Company. Missing data are indicated by question marks. Using the above data, determine the missing amounts. (You should set up a schedule of cost of goods manufactured and sold, fill in the known data, and calculate the missing amounts.) Do not use negative signa with any of your answers.
Transcribed Image Text:Cost of Goods Manufactured and Sold The following data relate to three independent production periods of Randolph Manufacturing Company. Missing data are indicated by question marks. Using the above data, determine the missing amounts. (You should set up a schedule of cost of goods manufactured and sold, fill in the known data, and calculate the missing amounts.) Do not use negative signa with any of your answers.
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