(a) Indicate the missing amount for each letter. Case 1 Direct materials used $9,700 24 Direct labor 5,100 8,100 Manufacturing overhead 8,400 4,100 Total manufacturing costs (a) 16,100 Beginning workin process inventory 1,100 (h) Ending work in process inventory (b) 3,100 Sales revenue 25,000 (1) Sales discounts 2,600 1,500 Cost of goods manufactured 17,100 22,100 Beginning finished goods inventory 3,400 Beginning finished goods inventory (c) 3,400 Goods available for sale 22,100 Cost of goods sold (d) (k) Ending finished goods inventory 3,500 2,600 Gross profit (e) 7,100 Operating expenses 2,800 (1) Net income 5,100 (f)
(a) Indicate the missing amount for each letter. Case 1 Direct materials used $9,700 24 Direct labor 5,100 8,100 Manufacturing overhead 8,400 4,100 Total manufacturing costs (a) 16,100 Beginning workin process inventory 1,100 (h) Ending work in process inventory (b) 3,100 Sales revenue 25,000 (1) Sales discounts 2,600 1,500 Cost of goods manufactured 17,100 22,100 Beginning finished goods inventory 3,400 Beginning finished goods inventory (c) 3,400 Goods available for sale 22,100 Cost of goods sold (d) (k) Ending finished goods inventory 3,500 2,600 Gross profit (e) 7,100 Operating expenses 2,800 (1) Net income 5,100 (f)
Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter1: The Role Of Accounting In Business
Section: Chapter Questions
Problem 1.17E: Financial statements Each of the following items is shown in the financial statements of ExxonMobil...
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