CALCULATOR PRINTER VERSI ncomplete manufacturing cost data f

CALCULATOR PRINTER VERSI ncomplete manufacturing cost data for Monty Company for 2017 are presented as follows for four different situations. Indicate the missing amount for each letter. Direct Materials Used Direct Labor Used Work in Process Total Work in Process 12/31 Manufacturing Manufacturing Cost of Goods Manufactured Overhead 90,300 134,800 Costs (1) $122,000 $145,100 (a) $35,100 $ (b) $362,700 (c) 204,400 474,100 453,600 269,300 292,600 43,300 (3) 85,800 103,700 (e) 64,400 81,300 75,100 (9) 79,200 48,100 (h) 273,000 Prepare a condensed cost of goods manufactured schedule for situation (1 for the nr nn

Solution

Direct material used M Direct labor used L Manufacturing Overhead O Total ManufacturiNg Cost T=M+L+O Work In process 1/1 U Work In process 12/31 V Cost of Good Manufactured U+O-V 1 $122,000 145100 90300 $357,400 35100 $29,800 362700 a) b 357400+35100-362700 2 114400 204400 134800 453600 63800 43300 474100 c) 453600-204400-134800 d) 474100+43300-453600 3 85800 103700 79800 269300 64400 81300 252400 e) 269300-85800-103700 f) 269300+64400-81300 4 75100 138300 79200 292600 48100 67700 273000 g) 292600-75100-79200 h) 292600+48100-273000 Cost of Good Manufactured For the year ended Dec 31 2017 Work in process, 1/1 35100 Direct material used $122,000 Direct labor 145100 manufacturing overhead 90300 Total Manufacturing cost $357,400 Total work in process $392,500 Less: Work On process, 12/31 $29,800 Cost of Good Manufactured $362,700 If any doubt please comment. If satisfied you can rate