Determine each of the following missing amounts: Note: Input all amounts as positive values Firm A Firm B Firm C Beginning raw materials inventory $ 15,300 $ 25,200 Purchases of raw materials during the year 124,800 135,600 Raw materials available for use Ending raw materials inventory 154,700 10,800 30,600 Cost of raw materials used 81,000 131,300 Direct labor costs incurred 117,000 190,800 Variable manufacturing overhead applied 44,200 43,200 Fixed manufacturing overhead applied 90,000 78,000 Total manufacturing costs incurred 333,000 Beginning work in process 13,500 9,100 11,400 Ending work in process 22,500 14,300 9,600 Cost of goods manufactured $ 345,800 Sales $ 533,000 Beginning finished goods inventory 27,000 36,600 Cost of goods manufactured 345,800 Cost of goods available for sale 393,900 456,600 Ending finished goods inventory 45,000 28,800 Cost of goods sold 354,900 Gross profit 126,000 118,800 Selling, general, and administrative expenses 61,200 Income from operations S 41,600 $ 53,400
Determine each of the following missing amounts: Note: Input all amounts as positive values Firm A Firm B Firm C Beginning raw materials inventory $ 15,300 $ 25,200 Purchases of raw materials during the year 124,800 135,600 Raw materials available for use Ending raw materials inventory 154,700 10,800 30,600 Cost of raw materials used 81,000 131,300 Direct labor costs incurred 117,000 190,800 Variable manufacturing overhead applied 44,200 43,200 Fixed manufacturing overhead applied 90,000 78,000 Total manufacturing costs incurred 333,000 Beginning work in process 13,500 9,100 11,400 Ending work in process 22,500 14,300 9,600 Cost of goods manufactured $ 345,800 Sales $ 533,000 Beginning finished goods inventory 27,000 36,600 Cost of goods manufactured 345,800 Cost of goods available for sale 393,900 456,600 Ending finished goods inventory 45,000 28,800 Cost of goods sold 354,900 Gross profit 126,000 118,800 Selling, general, and administrative expenses 61,200 Income from operations S 41,600 $ 53,400
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Determine each of the following missing amounts:
Note: Input all amounts as positive values
Firm A
Firm B
Firm C
Beginning raw materials inventory
$
15,300
$
25,200
Purchases of raw materials during the year
124,800
135,600
Raw materials available for use
Ending raw materials inventory
154,700
10,800
30,600
Cost of raw materials used
81,000
131,300
Direct labor costs incurred
117,000
190,800
Variable manufacturing overhead applied
44,200
43,200
Fixed manufacturing overhead applied
90,000
78,000
Total manufacturing costs incurred
333,000
Beginning work in process
13,500
9,100
11,400
Ending work in process
22,500
14,300
9,600
Cost of goods manufactured
$
345,800
Sales
$
533,000
Beginning finished goods inventory
27,000
36,600
Cost of goods manufactured
345,800
Cost of goods available for sale
393,900
456,600
Ending finished goods inventory
45,000
28,800
Cost of goods sold
354,900
Gross profit
126,000
118,800
Selling, general, and administrative expenses
61,200
Income from operations
S
41,600 $
53,400
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