Problem 13A Part Level Submission Incomplete manufacturing c

Problem 1-3A (Part Level Submission) Incomplete manufacturing costs, expenses, and selling data for two different cases are as follows (a) Your answer is partially correct. Try again Indicate the missing amount. Case 1 2 Direct materials used Direct labor Manufacturing overhead Total manufacturing costs Beginning work in process inventory Ending work in process inventory $9,600 5,000 8,000 22600 4000 8,000 4,000 16,000 1,000 6600 3,000 Sales revenue Sales discounts Cost of goods manufacturec Beginning finished goods inventory 24,500 2,500 17,000 1,400 24,000 3,300

Solution

1

2

Direct materials used

$9600

$4000

Direct labor

5000

8000

Manufacturing overhead

8000

4000

Total manufacturing costs

22600

16000

Beginning work in process inventory

1000

9000

Ending work in process inventory

6600

3000

Sales revenue

24500

31200

Sales discounts

2500

1400

Cost of goods manufactured

17000

24000

Beginning finished goods inventory

3000

3300

Goods available for sale

20000

25300

Costs of goods sold

16600

22800

Ending finished goods inventory

3400

2500

Gross profit

5400

7000

Operating expenses

2500

2000

Net Income

$2900

$5000

	1	2
Direct materials used	$9600	$4000
Direct labor	5000	8000
Manufacturing overhead	8000	4000
Total manufacturing costs	22600	16000
Beginning work in process inventory	1000	9000
Ending work in process inventory	6600	3000
Sales revenue	24500	31200
Sales discounts	2500	1400
Cost of goods manufactured	17000	24000
Beginning finished goods inventory	3000	3300
Goods available for sale	20000	25300
Costs of goods sold	16600	22800
Ending finished goods inventory	3400	2500
Gross profit	5400	7000
Operating expenses	2500	2000
Net Income	$2900	$5000