for each of the following independent for each of the follow

For each of the following independent cases (1-4), compute the missing values. (Enter all am Case 1 Case 2 Case 3 Case 4 Beginning raw materials Raw material purchases Indirect materials issued Ending raw materials Direct materials used Direct labor Manufacturing overhead Total current manufacturing costs Beginning work in process Ending work in process Cost of goods manufactured Beginning finished goods Ending finished goods Cost of goods sold $ 5,800 46,000 900 1,000 $ 25,000S 93,000 48,640 1,300 12,050 2,800 3,050 13,800 2,400 94,800 32,920 36,000 4,000 121,650 541,730 38,850 76,600 34,600 30,280 94,000 45,000 100,920 129,000 75,000 79,000 42,350237,200 90,325 827,900 53,400 75,800 31,800 398,000 71,000 12,375847,400

Solution

Working note:

The following formulas have been used in calculating the above values

Direct materials used = beginning raw material + raw material purchased + indirect materials issued - closing raw material

Total current manufacturing costs = direct material used + direct labor cost+ manufacturing overhead

Cost of goods manufactured = opening WIP + current manufactuirng costs - closing WIP

Cost of goods sold = beginning finished goods + cost of goods manufactured - closing finished goods

	Case 1	Case 2	Case 3	Case 4
Beginning raw material	$5,800	$2,000	$25,000	$93,000
Raw material purchases	$46,000	$12,050	$48,640	$3,00,200
Indirect materials issued	$900	$2,800	$1,300	$2,400
Ending raw materials	$1,000	$3,050	$42,020	$94,800
Direct materials used	$51,700	$13,800	$32,920	$3,00,800
Direct labor	$36,000	$23,950	$30,800	$1,21,650
Manufacturing overhead	$54,000	$38,850	$30,280	$5,41,730
Total current manufacturing costs	$1,41,700	$76,600	$94,000	$9,64,180
Beginning work In process	$45,000	$34,600	$38,675	$1,00,920
Ending work in process	$57,700	$35,400	$42,350	$2,37,200
Cost of goods manufactured	$1,29,000	$75,800	$90,325	$8,27,900
Beginning finished goods	$75,000	$27,000	$53,400	$4,17,500
Ending finished goods	$79,000	$31,800	$31,350	$3,98,000
Cost of goods sold	$1,25,000	$71,000	$1,12,375	$8,47,400