Cost of Goods Manufactured for a Manufacturing CompanyTwo items are omitted from each of the following three lists of cost of goods manufactured statement data. Determine the amounts of the missing items, identifying them by letter.Work in process inventory, August 1$4,400 $37,000 (e)Total manufacturing costs incurred during August30,400 (c) 216,500Total manufacturing costs(a) $432,900 $235,000Work in process inventory, August 316,600 90,900 (f)Cost of goods manufactured(b) (d) $197,400a.$b.$c.$d.$e.$f.$

Cost of goods manufactured = Work in process inventory + Total manufacturing costs incurred during…

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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 for a Manufacturing Company

Two items are omitted from each of the following three lists of cost of goods manufactured statement data. Determine the amounts of the missing items, identifying them by letter.

Work in process inventory, August 1	$4,400	$37,000	(e)
Total manufacturing costs incurred during August	30,400	(c)	216,500
Total manufacturing costs	(a)	$432,900	$235,000
Work in process inventory, August 31	6,600	90,900	(f)
Cost of goods manufactured	(b)	(d)	$197,400

a.	$
b.	$
c.	$
d.	$
e.	$
f.	$

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