Question Content AreaCost of Goods Manufactured for a Manufacturing CompanyTwo items are omitted from each of the following three lists of cost of goods manufactured statement data. Determine the amounts of the missing items, identifying them by letter.Work in process inventory, August 1$22,900 $48,600 (e)Total manufacturing costs incurred during August388,000 (c) 1,253,500Total manufacturing costs(a) $601,400 $1,445,900Work in process inventory, August 3127,400 63,000 (f)Cost of goods manufactured(b) (d) $1,245,300a.$fill in the blank 1b.$fill in the blank 2c.$fill in the blank 3d.$fill in the blank 4e.$fill in the blank 5f.$fill in the blank 6 Cost of Goods Manufactured for a Manufacturing CompanyTwo items are omitted from each of the following three lists of cost of goods manufactured statement data. Determine the amounts of the missing items, identifyingthem by letter.Work in process inventory, August 1Total manufacturing costs incurred during AugustTotal manufacturing costsWork in process inventory, August 31Cost of goods manufactureda.b. $$C.d. $e. $f. $$22,900388,000(a)27,400(b)$48,600(c)$601,40063,000(d)(e)1,253,500$1,445,900(f)$1,245,300

Cost of goods manufactured is the amount of cost incurred on the making of the goods. It includes…

Answered: Two items are omitted from each of the…

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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Question Content Area

Cost of Goods Manufactured for a Manufacturing Company

Two items are omitted from each of the following three lists of cost of goods manufactured statement data. Determine the amounts of the missing items, identifying them by letter.

Work in process inventory, August 1	$22,900	$48,600	(e)
Total manufacturing costs incurred during August	388,000	(c)	1,253,500
Total manufacturing costs	(a)	$601,400	$1,445,900
Work in process inventory, August 31	27,400	63,000	(f)
Cost of goods manufactured	(b)	(d)	$1,245,300

a.	$fill in the blank 1
b.	$fill in the blank 2
c.	$fill in the blank 3
d.	$fill in the blank 4
e.	$fill in the blank 5
f.	$fill in the blank 6

Cost of Goods Manufactured for a Manufacturing Company
Two items are omitted from each of the following three lists of cost of goods manufactured statement data. Determine the amounts of the missing items, identifying
them by letter.
Work in process inventory, August 1
Total manufacturing costs incurred during August
Total manufacturing costs
Work in process inventory, August 31
Cost of goods manufactured
a.
b. $
$
C.
d. $
e. $
f. $
$22,900
388,000
(a)
27,400
(b)
$48,600
(c)
$601,400
63,000
(d)
(e)
1,253,500
$1,445,900
(f)
$1,245,300

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