Purchases of direct materials-beginning direct materials

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Reference no: EM13940588

1. For each of the following cases, find the missing data. Each case is independent of the others.
Case 1
Case 2
Case 3

2. Beginning direct materials
$5,000
$3,000
$3,000

3. Purchases of direct materials
17,000
45,000
10,000

4. Ending direct materials
(a)
7,000
(m)

5. Direct materials used
(b)
(f)
6,000
Direct labor
16,000
(g)
4,000

5. Factory overhead
3,000
20,000
6,000

6. Total manufacturing costs
(c)
85,000
(n)

7. Beginning work-in-process
6,000
6,000
5,000

8. Ending work-in-process
6,000
4,000
(o)

9. Cost of goods manufactured
23,000
(h)
10,000
Case 1
Case 2
Case 3
Sales
52,000
125,000
23,000

10. Beginning finished goods
8,000
7,000
7,000

11. Cost of goods manufactured
23,000
(i)
10,000

12. Ending finished goods
(d)
(j)
6,000

13. Cost of goods sold
27,000
(k)
(p)

13. Gross profit
(e)
60,000
(q)

14. Selling and administrative expenses
5,000
8,500
4,000

15. Net income
20,000
(l)
8,000

Reference no: EM13940588

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