Incomplete manufacturing costs, expenses, and selling data for two different cases are as follows. Indicate the missing amount. Case 1 Case 2 Direct materials used $10,119 $ Direct labor 5,826 8,800 Manufacturing overhead 8,669 4,561 Total manufacturing costs 16,536 Beginning work in process inventory 1,924 Ending work in process inventory 3,809 Sales revenue 25,790 Sales discounts 2,853 1,972 Cost of goods manufactured 17,946 22,211 Beginning finished goods inventory 4,174 Goods available for sale 21,003 Cost of goods sold Ending finished goods inventory 4,406 3,416 Gross profit 7,850 Operating expenses 3,095 Net income 5,758
Incomplete manufacturing costs, expenses, and selling data for two different cases are as follows. Indicate the missing amount. Case 1 Case 2 Direct materials used $10,119 $ Direct labor 5,826 8,800 Manufacturing overhead 8,669 4,561 Total manufacturing costs 16,536 Beginning work in process inventory 1,924 Ending work in process inventory 3,809 Sales revenue 25,790 Sales discounts 2,853 1,972 Cost of goods manufactured 17,946 22,211 Beginning finished goods inventory 4,174 Goods available for sale 21,003 Cost of goods sold Ending finished goods inventory 4,406 3,416 Gross profit 7,850 Operating expenses 3,095 Net income 5,758
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
Incomplete
Indicate the missing amount.
Case 1 Case 2
Direct materials used $10,119 $
Direct labor 5,826 8,800
Manufacturing
Total manufacturing costs 16,536
Beginning work in process inventory 1,924
Ending work in process inventory 3,809
Sales revenue 25,790
Sales discounts 2,853 1,972
Cost of goods manufactured 17,946 22,211
Beginning finished goods inventory 4,174
Goods available for sale 21,003
Cost of goods sold
Ending finished goods inventory 4,406 3,416
Gross profit 7,850
Operating expenses 3,095
Net income 5,758
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