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Question 2 Given the following information: Beginning Direct Materials Purchases of Direct Materials Ending Direct Materials Direct Materials Used Direct Labor Manufacturing Overhead Total Manufacturing Costs Beginning Work-in-Process Inventory Ending Work-in-Process Inventory Cost of Goods Manufactured Beginning Finished Goods Inventory Ending Finished Goods Inventory 12/31/2019 45,210 70,125 ? 162,000 141,920 364,130 29,635 362,920 42,500 39,550

Question 2 Given the following information: Beginning Direct Materials Purchases of Direct Materials Ending Direct Materials Direct Materials Used Direct Labor Manufacturing Overhead Total Manufacturing Costs Beginning Work-in-Process Inventory Ending Work-in-Process Inventory Cost of Goods Manufactured Beginning Finished Goods Inventory Ending Finished Goods Inventory 12/31/2019 45,210 70,125 ? 162,000 141,920 364,130 29,635 362,920 42,500 39,550

FINANCIAL ACCOUNTING
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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QC 56.

Beginning Finished Goods Inventory Ending Finished Goods Inventory Cost of Goods Sold Net Sales 42,500 O $40,350 O $50,070 O $74,985 O $55,125 39,550 ? ? How much is ending inventory for direct materials?
Transcribed Image Text:Beginning Finished Goods Inventory Ending Finished Goods Inventory Cost of Goods Sold Net Sales 42,500 O $40,350 O $50,070 O $74,985 O $55,125 39,550 ? ? How much is ending inventory for direct materials?
Question 2 Given the following information: Beginning Direct Materials Purchases of Direct Materials Ending Direct Materials Direct Materials Used Direct Labor Manufacturing Overhead Total Manufacturing Costs Beginning Work-in-Process Inventory Ending Work-in-Process Inventory Cost of Goods Manufactured Beginning Finished Goods Inventory Ending Finished Goods Inventory 12/31/2019 45,210 70,125 ? 162,000 141,920 364,130 29,635 362,920 42,500 39,550
Transcribed Image Text:Question 2 Given the following information: Beginning Direct Materials Purchases of Direct Materials Ending Direct Materials Direct Materials Used Direct Labor Manufacturing Overhead Total Manufacturing Costs Beginning Work-in-Process Inventory Ending Work-in-Process Inventory Cost of Goods Manufactured Beginning Finished Goods Inventory Ending Finished Goods Inventory 12/31/2019 45,210 70,125 ? 162,000 141,920 364,130 29,635 362,920 42,500 39,550
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