Answered Essay: 1 2 Direct materials used Direct labor Manufacturing overhead Total manufacturing costs Beginning work in process inventory E

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1 2 Direct materials used Direct labor Manufacturing overhead Total manufacturing costs Beginning work in process inventory Ending work in process inventory $10,060 5,260 8,900 24,220 1,710 4360 8,420 4,320 17,100 5540 7890 3,140 Sales revenue Sales discounts Cost of goods manufactured Beginning finished goods inventory Goods available for sale 25,440 2,610 18,040 4910 1,560 22,610 3,960 22,950 26570 Cost of goods sold Ending finished goods inventory Gross profit Operating expenses 18040 23480 3,700 3,090 4790 8,070 2,910 Net income 1880 5,310

1 2 Direct materials used Direct labor Manufacturing overhead Total manufacturing costs Beginning work in process inventory Ending work in process inventory $10,060 5,260 8,900 24,220 1,710 4360 8,420 4,320 17,100 5540 7890 3,140 Sales revenue Sales discounts Cost of goods manufactured Beginning finished goods inventory Goods available for sale 25,440 2,610 18,040 4910 1,560 22,610 3,960 22,950 26570 Cost of goods sold Ending finished goods inventory Gross profit Operating expenses 18040 23480 3,700 3,090 4790 8,070 2,910 Net income 1880 5,310

Expert Answer

 

SOLVE THE PROBLEM :

Direct material used 10060 4360
DIrect labour 5260 8420
manufacturing overhead 8900 4320
Total manufacturing cost 24220 17100
Beginning work in process inventory 1710 8650
Ending work in process inventory 7890 3140
Sales revenue 25440 33110
Sales discount 2610 1560
Cost of goods manufactured 18040 22610
Beginning finished goods inventory 4910 3960
Gooods available for sale 22950 26570
Cost of goods sold 19250 23480
Ending finished goods invnetory 3700 3090
Gross profit 3580 8070
Operating expenses 2910 2760
Net income 670 5310
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