Cost of Goods Manufactured for a Manufacturing CompanyTwo items are omitted from each of the following three lists of cost of goods manufactured statement data. Determine the amounts of the missing items, identifying them by letter.Work in process inventory, August 1$2,600 $22,900 (e)Total manufacturing costs incurred during August17,400 (c) 134,600Total manufacturing costs(a) $267,900 $146,100Work in process inventory, August 313,800 56,300 (f)Cost of goods manufactured(b) (d) $122,700a.$b.$c.$d.$e.$f.$

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Asked Mar 13, 2020
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Cost of Goods Manufactured for a Manufacturing Company

Two items are omitted from each of the following three lists of cost of goods manufactured statement data. Determine the amounts of the missing items, identifying them by letter.

Work in process inventory, August 1 $2,600   $22,900   (e)
Total manufacturing costs incurred during August 17,400   (c)   134,600
Total manufacturing costs (a)   $267,900   $146,100
Work in process inventory, August 31 3,800   56,300   (f)
Cost of goods manufactured (b)   (d)   $122,700
a. $
b. $
c. $
d. $
e. $
f. $
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Expert Answer

Step 1

Use the formulas to compute opening and ending work in process, cost of goods sold, and total manufacturing cost as shown below:

 

Accounting homework question answer, step 1, image 1

Step 2

Compute missing amounts as shown below:

 

Accounting homework question answer, step 2, image 1

 

 

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