Using the above data determine the missing amounts You shoul

Materials: Beginning inventory 104 328 220 Purchases Ending inventory Total material used ? 1,400 1,000 148 200 660 ? 880 Direct labor 1,160 1,920 1,600 Manufacturing overhead: 192 Indirect material Indirect labor Other Total manufacturing ? 240 320 300 700 ?400 680 1,040 960 overhead Work in process inventories: Beginning ?180 520 Ending 140 ? 200 Finished goods inventories: ?800 160 Beginning Ending Cost of goods 670 240 660 2,768 manufactured Cost of goods sold 2,678 4,648

Solution

Solution:

Schedule of Cost of Goods manufactured & Sold
Particulars	A	B	C
Materials:
Beginning inventory	$104.00	$328.00	$220.00
Purchases (Material consumed + Ending inventory - Beginning inventory) A -($660 + $148 - $104)	$704.00	$1,400.00	$1,000.00
Ending inventory (Beginning inventory + Purchases - Material consumed) C - ($220 + $1000 - $880)	$148.00	$200.00	$340.00
Total Material Used (Beginning inventory + Purchases - ending inventory) B - ($328 + $1400 - $200)	$660.00	$1,528.00	$880.00
Direct Labor	$1,160.00	$1,920.00	$1,600.00
Manufacturing Overhead:
Indirect Material (Total Overhead - Indirect labor - Other) B - ($960 - $300 - $400)	$192.00	$260.00	$240.00
Indirect Labor	$320.00	$300.00	$700.00
Other ((Total Overhead - Indirect material - Indirect Labor) A - ($1040 - $192 -$320)	$528.00	$400.00	$680.00
Total Manufacturing Overhead (Indirect Material + Indirect Labor + Other) C - ($240 + $700 + $680)	$1,040.00	$960.00	$1,620.00
Work in Process Inventories:
Beginning (Cost of goods manufactured - Material consumed - Direct Labor - Manufacturing Overhead + Ending WIP) A - ($2,768 - $660 - $1160 - $1040 + $140)	$48.00	$180.00	$520.00
Ending (Material consumed + Direct Labor + Manufacturing Overhead + Opening WIP - Cost of goods manufactured) B - ($1528 + $1920 + $960 + $180 - $4088)	$140.00	$500.00	$200.00
Finished Goods Inventories:
Beginning (Cost of goods sold + Ending Inventory - Cost of goods manufactured) A - ($2,678 + $670 - $2768)	$580.00	$800.00	$160.00
Ending	$670.00	$240.00	$660.00
Cost of Goods Manufactured (Cost of goods sold + Ending Inventory - Opening Inventory) (Mateiral + Labor + Overhead + Opening WIP - Closing WIP) B - ($4648 + $240 - $800) C - ($880 + $1600 + $1620 + $520 - $200)	$2,768.00	$4,088.00	$4,420.00
Cost of Goods Sold (Opening inventory + Cost of goods manufactured - Ending inventory) C - ($160 + $4420 - $660)	$2,678.00	$4,648.00	$3,920.00