Determine the missing amounts for three different situations. Direct Materials Used (1) (2) S (3) $43,400 (1) $ (2) (3) $58,400 $ Determine the missing amounts. Total Manufacturing Costs $298,000 $ $313,000 Direct Labor Used Factory Overhead $62,000 $51,000 $ $78,500 $141,000 $113,000 Work in Process (January 1) $124,000 $467,000 $ Total Manufacturing Costs Work in Process (December 31) $298,000 $313,000 $83,500 $ $99,700 Cost of Goods Manufactured $323,600 $718,000

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Determine the missing amounts for three different situations.
Direct
Materials
Used
(1)
(2) $
(3)
$43,400
(1) $
(2)
(3)
$58,400 $
Determine the missing amounts.
Total
Manufacturing
Costs
$298,000 $
$313,000
Direct
Labor
Used
Factory
Overhead
$62,000 $51,000 $
$78,500 $141,000
$113,000
Work
in Process
(January 1)
$124,000
$467,000 $
Total
Manufacturing
Costs
Work
in Process
(December 31)
$298,000
$313,000
$83,500 $
$99,700
Cost of
Goods
Manufactured
$323,600
$718,000
Transcribed Image Text:Determine the missing amounts for three different situations. Direct Materials Used (1) (2) $ (3) $43,400 (1) $ (2) (3) $58,400 $ Determine the missing amounts. Total Manufacturing Costs $298,000 $ $313,000 Direct Labor Used Factory Overhead $62,000 $51,000 $ $78,500 $141,000 $113,000 Work in Process (January 1) $124,000 $467,000 $ Total Manufacturing Costs Work in Process (December 31) $298,000 $313,000 $83,500 $ $99,700 Cost of Goods Manufactured $323,600 $718,000
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