Solution-Discuss incomplete manufacturing costs and expenses

Discuss incomplete manufacturing costs and expenses

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Reference no: EM131821647

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

(a) Indicate the missing amount.

Case
1	2
Direct materials used	$ 9,878	$
Direct labor	5,430	8,701
Manufacturing overhead	8,582	4,577
Total manufacturing costs		16,332
Beginning work in process inventory	1,928
Ending work in process inventory		3,719
Sales revenue	25,830
Sales discounts	2,971	1,911
Cost of goods manufactured	17,623	22,320
Beginning finished goods inventory		4,111
Goods available for sale	20,403
Cost of goods sold
Ending finished goods inventory	4,149	3,056
Gross profit		7,984
Operating expenses	2,828
Net income		6,057

Reference no: EM131821647

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Discuss incomplete manufacturing costs and expenses

Reference no: EM131821647

Reference no: EM131821647

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