SHoW Me How Cost of Goods Manufactured for a Manufacturing C

SHoW Me How 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 $3,400 $27,200 23,800(159,100 (a) $318,200 $172,700 Total manufacturing costs Work in process inventory, August 31 5,200 66,800 Cost of goods manufactured (d) 145,100 a. b. d. 601 PM 1/15/2018 .

Solution

Beginning WIP+Total manufacturing cost incurred=Total manufacturing cost

Total manufacturing cost-Ending WIP=cost of goods manufactured

Beginning WIP	3400	27200	(172700-159100)=$13600
Total manufacturing cost incurred	23800	(318200-27200)=$291000	159100
Total manufacturing cost	(3400+23800)=$27200	$318200	$172700
Ending WIP	5200	66800	(172700-145100)=$27600
Cost of goods manufactured	(27200-5200)=$22000	(318200-66800)=$251400	$145100