Incomplete manufacturing costs expenses and selling data for

Incomplete manufacturing costs, expenses, and selling data for two different cases are as follows.

Incomplete manufacturing costs, expenses, and selling data for two different cases are as follows.

Solution

Answer:1

Answer:2

Answer:3  

Answer:4

In balance sheet, Values are not properly shown in Question. Please have a look into this.

Ref No.                                                                                 Case Ref No
1 2
1 Direct Material used 9920 2750 (4-3-2)
2 Direct labour 5270 8640
3 Manufacturing overhead 9020 5000
4 Total manufacturing costs 24210 16390
5 Beginning work in process inventory 1520 9330 (9+6-4)
6 Ending work in process inventory 8140 3480
7 Sales revenue 25120 31580 (12+14+8)
8 Sales discount 2740 1690
9 cost of goods manufactured 17590 22240
10 Beginning finished goods inventory 4620 3450
11 goods available for sale 22210 25690 (9+10)
12 cost of goods sold 18250 22440 (9+10-13)
13 Ending finished goods inventory 3960 3250
14 Gross profit 4130 7450
15 Operating expenses 3160 1470 (14-16)
16 Net income 970 5980
Incomplete manufacturing costs, expenses, and selling data for two different cases are as follows. Incomplete manufacturing costs, expenses, and selling data fo

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