Supply the missing data in the following cases. Each case is independent of the others. Case 2 Schedule of Cost of Goods Manufactured $6,000 $3,000 $5,000 $7,000 $3,000 $4,000 $9,000 Direct materials $4,500 Direct labor... Manufacturing overhead Total manufacturing costs Beginning work in process inventory Ending work in process inventory Cost of goods manufactured $5,000 $18,500 $2,500 $4,000 $20,000 $3,000 $4,000 $3,000 $1,000 $18,000 $14,000 ? Income Statement Sales .... $30,000 $21,000 $36,000 $2,500 $18,000- $14,000 : ? $40,000 $2,00 20 $17,500 3250 Beginning finished goods inventory. Cost of goods manufactured Goods available for sale... Ending finished goods inventory Cost of goods sold.... Gross margin .. Selling and administrative expenses Net operating income.. $1,000 $1,500 $4,000 1? $18,500 ( $17,500 $3,50 $17,000 $13,000 ? \ ? $3,500 ? $4,000 $5,000 $9,00
Supply the missing data in the following cases. Each case is independent of the others. Case 2 Schedule of Cost of Goods Manufactured $6,000 $3,000 $5,000 $7,000 $3,000 $4,000 $9,000 Direct materials $4,500 Direct labor... Manufacturing overhead Total manufacturing costs Beginning work in process inventory Ending work in process inventory Cost of goods manufactured $5,000 $18,500 $2,500 $4,000 $20,000 $3,000 $4,000 $3,000 $1,000 $18,000 $14,000 ? Income Statement Sales .... $30,000 $21,000 $36,000 $2,500 $18,000- $14,000 : ? $40,000 $2,00 20 $17,500 3250 Beginning finished goods inventory. Cost of goods manufactured Goods available for sale... Ending finished goods inventory Cost of goods sold.... Gross margin .. Selling and administrative expenses Net operating income.. $1,000 $1,500 $4,000 1? $18,500 ( $17,500 $3,50 $17,000 $13,000 ? \ ? $3,500 ? $4,000 $5,000 $9,00
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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![Chapter 2
PROBLEM 2-25 Working with Incomplete Data from the Income Statement and Schedule of Cost of
Goods Manufactured [LO3, LO4]
Supply the missing data in the following cases. Each case is independent of the others.
Case
2.
3
4
Schedule of Cost of Goods HManufactured
$5,000
$7,000
$3,000
$4,000
$9,000
$6,000
$3,000
$4,000
?3 $20,000
?1
$1,000
$14,000
Direct materials
Direct labor.....
$4,500
....
3230
Manufacturing overhead
Total manufacturing costs
Beginning work in process inventory.
Ending work in process inventory
Cost of goods manufactured...
$5,000
$18,500
$2,500
$3,000
$4,000
$3,000
...
$18,000
Income Statement
Sales ...
$30,000 $21,000
$36,000
3250
$40,000
$2,000
20 $17,500
? AS
Beginning finished goods inventory.
Cost of goods manufactured.
Goods available for sale..
Ending finished goods inventory
Cost of goods sold.......
Gross margin..
Selling and administrative expenses
Net operating income...
$1,000
$2,500
$18,000- $14,000
?
:?
$1,500
$4,000
1?OU $18,500
$3,500
..
$17,000
$13,000
? 1L.
$17,500
?
$3,500
...
$4,000
$5,000
$9,000](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F83992a23-f578-4900-a307-3d89d80eeb33%2Fe4192e22-3bf5-48b0-b018-3f1b899b8776%2Fb0h3j2s_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Chapter 2
PROBLEM 2-25 Working with Incomplete Data from the Income Statement and Schedule of Cost of
Goods Manufactured [LO3, LO4]
Supply the missing data in the following cases. Each case is independent of the others.
Case
2.
3
4
Schedule of Cost of Goods HManufactured
$5,000
$7,000
$3,000
$4,000
$9,000
$6,000
$3,000
$4,000
?3 $20,000
?1
$1,000
$14,000
Direct materials
Direct labor.....
$4,500
....
3230
Manufacturing overhead
Total manufacturing costs
Beginning work in process inventory.
Ending work in process inventory
Cost of goods manufactured...
$5,000
$18,500
$2,500
$3,000
$4,000
$3,000
...
$18,000
Income Statement
Sales ...
$30,000 $21,000
$36,000
3250
$40,000
$2,000
20 $17,500
? AS
Beginning finished goods inventory.
Cost of goods manufactured.
Goods available for sale..
Ending finished goods inventory
Cost of goods sold.......
Gross margin..
Selling and administrative expenses
Net operating income...
$1,000
$2,500
$18,000- $14,000
?
:?
$1,500
$4,000
1?OU $18,500
$3,500
..
$17,000
$13,000
? 1L.
$17,500
?
$3,500
...
$4,000
$5,000
$9,000
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