Presented Below Are Incomplete Manufacturing Cost Data. Determine The Missing Amounts For Three Different Situations.

Direct
Materials
Used

Direct
Labor
Used

Factory
Overhead

Total
Manufacturing
Costs

 

(1)

$40,000

$61,000

$50,000

$Entry field with incorrect answer?

 

(2)

$Entry field with incorrect answer?

$75,000

$140,000

$296,000

 

(3)

$55,000

$Entry field with incorrect answer?

$111,000

$310,000

etermine the missing amounts.

 

Total
Manufacturing
Costs

Work
in Process
(January 1)

Work
in Process
(December 31)

Cost of
Goods
Manufactured

 

(1)

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$120,000

$82,000

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(2)

$296,000

$http://edugen.wileyplus.com/edugen/art2/common/pixel.gif?

$98,000

$331,000

 

(3)

$310,000

$463,000

$http://edugen.wileyplus.com/edugen/art2/common/pixel.gif?

$715,000

 

Knight Company reports the following costs and expenses in May.

 

Factory   utilities

$15,500

Direct   labor

$69,100

 

Depreciation   on factory equipment

12,650

Sales   salaries

46,400

 

Depreciation   on delivery trucks

3,800

Property   taxes on factory building

2,500

 

Indirect   factory labor

48,900

Repairs to   office equipment

1,300

 

Indirect   materials

80,800

Factory   repairs

2,000

 

Direct   materials used

137,600

Advertising

15,000

 

Factory   manager’s salary

8,000

Office   supplies used

2,640

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