Required: Deer Lake Incorporated uses a job order cost system with manufacturing overhead applied to products at a rate of 150% of direct labor cost. Treating each case independently, find the missing amounts: Note: Input 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 Beginning Finished Goods Inventory Ending Finished Goods Inventory Cost of goods sold (unadjusted) $ $ $ $ $ $ Case 1 20,300 25,400 S S 11,500 8,100 $ $ 12,800 $ 15,500 S Case 2 + $ 44,400 96,500 $ $ 9,600 94,800 $ 13,700 $ 91,700 $ Case 3 10,000 35,000 6,800 35,400 4,900 36,000

Required: Deer Lake Incorporated uses a job order cost system with manufacturing overhead applied to products at a rate of 150% of direct labor cost. Treating each case independently, find the missing amounts: Note: Input 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 Beginning Finished Goods Inventory Ending Finished Goods Inventory Cost of goods sold (unadjusted) $ $ $ $ $ $ Case 1 20,300 25,400 S S 11,500 8,100 $ $ 12,800 $ 15,500 S Case 2 + $ 44,400 96,500 $ $ 9,600 94,800 $ 13,700 $ 91,700 $ Case 3 10,000 35,000 6,800 35,400 4,900 36,000

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Description: 50Required:Deer Lake Incorporated uses a job order cost system with manufacturing overhead applied to products at a rate of 150% of direct laborcost. Treating each case independently, find the missing amounts:Note: Input all amounts as positive valu

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter3: Process Cost Systems

Section: Chapter Questions

Problem 4CMA: A company is using process costing with the first-in, first-out (FIFO) method, and all costs are...

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