Mulligan Manufacturing Company uses a job order cost system with overhead applied to products at a rate of 150 percent of direct abor cost. Required: Treating each case independently, selected from the manufacturing data given below, find the missing amounts. You should do them in the order listed. (Hint: For the manufacturing costs in Case 3, first solve for conversion costs and then determine how much of that is direct labor and how much is manufacturing overhead.) Note: Do not round your intermediate calculations. Round your final answers to the nearest whole dollar. Enter all amounts as positive values. Direct materials used Direct labor Manufacturing overhead applied Total current manufacturing costs Beginning work in process inventory Ending work in process inventory Cost of goods manufactured i Beginning finished goods inventory Ending finished goods inventory Cost of goods sold Case 1 17,000 12,000 9,400 5,300 4,600 7,300 Case 2 12.500 29,000 8,400 49,000 11,300 35,000 Case 3 10,500 28,800 8,000 18,001 5,500 41,000

Mulligan Manufacturing Company uses a job order cost system with overhead applied to products at a rate of 150 percent of direct abor cost. Required: Treating each case independently, selected from the manufacturing data given below, find the missing amounts. You should do them in the order listed. (Hint: For the manufacturing costs in Case 3, first solve for conversion costs and then determine how much of that is direct labor and how much is manufacturing overhead.) Note: Do not round your intermediate calculations. Round your final answers to the nearest whole dollar. Enter all amounts as positive values. Direct materials used Direct labor Manufacturing overhead applied Total current manufacturing costs Beginning work in process inventory Ending work in process inventory Cost of goods manufactured i Beginning finished goods inventory Ending finished goods inventory Cost of goods sold Case 1 17,000 12,000 9,400 5,300 4,600 7,300 Case 2 12.500 29,000 8,400 49,000 11,300 35,000 Case 3 10,500 28,800 8,000 18,001 5,500 41,000

Name: E2-6 (Algo) Finding Unknown Values in the Cost of Goods Manufactured
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Description: E2-6 (Algo) Finding Unknown Values in the Cost of Goods Manufactured Report [LO 2-3, 2-6]Mulligan Manufacturing Company uses a job order cost system with overhead applied to products at a rate of 150 percent of directlabor cost.Required:Treating eac

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter10: Accounting Systems For Manufacturing Operations

Section: Chapter Questions

Problem 10.10E: Amounts for materials Big Timber Furniture Company manufactures furniture. Big Timber Furniture uses...

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