Homework 1-Cost Concepts Saved 3 Determine the missing amount for each separate situation involving manufacturing cost flows. 4.5 points (1) (2) (3) Direct materials used $ 151,880 $ 35,290 Direct labor used 76,400 47,120 Factory overhead 123,400 34,240 61,675 eBook Total manufacturing costs 244,900 240,100 Work in process inventory, beginning 58,320 9,645 Total cost of work in process 292,125 Print Work in process inventory, ending 23,945 12,650 Cost of goods manufactured 266,820 References Help Save & Exit Submit Check my work

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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Homework 1-Cost Concepts
Saved
3
Determine the missing amount for each separate situation involving manufacturing cost flows.
4.5
points
(1)
(2)
(3)
Direct materials used
$
151,880 $
35,290
Direct labor used
76,400
47,120
Factory overhead
123,400
34,240
61,675
eBook
Total manufacturing costs
244,900
240,100
Work in process inventory, beginning
58,320
9,645
Total cost of work in process
292,125
Print
Work in process inventory, ending
23,945
12,650
Cost of goods manufactured
266,820
References
Help Save & Exit Submit
Check my work
Transcribed Image Text:Homework 1-Cost Concepts Saved 3 Determine the missing amount for each separate situation involving manufacturing cost flows. 4.5 points (1) (2) (3) Direct materials used $ 151,880 $ 35,290 Direct labor used 76,400 47,120 Factory overhead 123,400 34,240 61,675 eBook Total manufacturing costs 244,900 240,100 Work in process inventory, beginning 58,320 9,645 Total cost of work in process 292,125 Print Work in process inventory, ending 23,945 12,650 Cost of goods manufactured 266,820 References Help Save & Exit Submit Check my work
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