Chapter 18, Problem E18.20E

Computing cost of goods manufactured
Learning Objective 3

Consider the following partially completed schedules of cost of goods manufactured. Compute the missing amounts.

Banner, Inc. Larry's Bakery Sports Gear
Beginning Work-in-Process Inventory	$ (a)	$ 40,800	$ 2,200
Direct Materials Used	14,400	35,900	(g)
Direct Labor	10,300	20,100	1,900
Manufacturing Overhead	(b)	10,000	900
Total Manufacturing Costs Incurred during the Year	45,200	(d)	(h)
Total Manufacturing Costs to Account for	55,400	(e)	8,300
Ending Work-in-Process Inventory	(c)	(25,500)	(2,600)
Cost of Goods Manufactured	$ 50,500	$ (f)	$(i)