Manufacturing cost data for Morton Company are presented below. Case A Case B Case C Direct materials used (a) $75,400 $130,000 Direct labor $ 57,000 76,000 (g) Manufacturing overhead 46,500 81,600 102,000 Total manufacturing costs 195,650 (d) 283,700 Work-in-process, 1/1/16 (b) 16,500 (h) Total cost of work-in-process 221,500 (e) 327,000 Work-in-process, 12/31/16 (c) (9,000) 80,000 Cost of goods manufactured 180,275 (f) (i) Instructions Indicate the missing amount for each letter (a) through (i).
Manufacturing cost data for Morton Company are presented below. Case A Case B Case C Direct materials used (a) $75,400 $130,000 Direct labor $ 57,000 76,000 (g) Manufacturing overhead 46,500 81,600 102,000 Total manufacturing costs 195,650 (d) 283,700 Work-in-process, 1/1/16 (b) 16,500 (h) Total cost of work-in-process 221,500 (e) 327,000 Work-in-process, 12/31/16 (c) (9,000) 80,000 Cost of goods manufactured 180,275 (f) (i) Instructions Indicate the missing amount for each letter (a) through (i).
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
Manufacturing cost data for Morton Company are presented below.
|
Case A |
Case B |
Case C |
Direct materials used |
(a) |
$75,400 |
$130,000 |
Direct labor |
$ 57,000 |
76,000 |
(g) |
Manufacturing |
46,500 |
81,600 |
102,000 |
Total |
195,650 |
(d) |
283,700 |
Work-in-process, 1/1/16 |
(b) |
16,500 |
(h) |
Total cost of work-in-process |
221,500 |
(e) |
327,000 |
Work-in-process, 12/31/16 |
(c) |
(9,000) |
80,000 |
Cost of goods manufactured |
180,275 |
(f) |
(i) |
Instructions
Indicate the missing amount for each letter (a) through (i).
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