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, identifying them by letter.Work in process inventory, August 1$19,660 $41,650 (e)Total manufacturing costs incurred during August332,750 (c) 1,075,000Total manufacturing costs(a) $515,770 $1,240,000Work in process inventory, August 3123,500 54,000 (f)Cost of goods manufactured(b) (d) $1,068,000a.$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

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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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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	$19,660	$41,650	(e)
Total manufacturing costs incurred during August	332,750	(c)	1,075,000
Total manufacturing costs	(a)	$515,770	$1,240,000
Work in process inventory, August 31	23,500	54,000	(f)
Cost of goods manufactured	(b)	(d)	$1,068,000