Incomplete Manufacturing Cost Data

Incomplete Manufacturing Cost Data

 

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)

 

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

 

$120,000

 

$82,000

 

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

 

(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