Supply the missing data in the following cases. Each case is independent of the others. Case 2 Schedule of Cost of Goods Manufactured $6,000 $3,000 $5,000 $7,000 $3,000 $4,000 $9,000 Direct materials $4,500 Direct labor... Manufacturing overhead Total manufacturing costs Beginning work in process inventory Ending work in process inventory Cost of goods manufactured $5,000 $18,500 $2,500 $4,000 $20,000 $3,000 $4,000 $3,000 $1,000 $18,000 $14,000 ? Income Statement Sales .... $30,000 $21,000 $36,000 $2,500 $18,000- $14,000 : ? $40,000 $2,00 20 $17,500 3250 Beginning finished goods inventory. Cost of goods manufactured Goods available for sale... Ending finished goods inventory Cost of goods sold.... Gross margin .. Selling and administrative expenses Net operating income.. $1,000 $1,500 $4,000 1? $18,500 ( $17,500 $3,50 $17,000 $13,000 ? \ ? $3,500 ? $4,000 $5,000 $9,00

Supply the missing data in the following cases. Each case is independent of the others. Case 2 Schedule of Cost of Goods Manufactured $6,000 $3,000 $5,000 $7,000 $3,000 $4,000 $9,000 Direct materials $4,500 Direct labor... Manufacturing overhead Total manufacturing costs Beginning work in process inventory Ending work in process inventory Cost of goods manufactured $5,000 $18,500 $2,500 $4,000 $20,000 $3,000 $4,000 $3,000 $1,000 $18,000 $14,000 ? Income Statement Sales .... $30,000 $21,000 $36,000 $2,500 $18,000- $14,000 : ? $40,000 $2,00 20 $17,500 3250 Beginning finished goods inventory. Cost of goods manufactured Goods available for sale... Ending finished goods inventory Cost of goods sold.... Gross margin .. Selling and administrative expenses Net operating income.. $1,000 $1,500 $4,000 1? $18,500 ( $17,500 $3,50 $17,000 $13,000 ? \ ? $3,500 ? $4,000 $5,000 $9,00

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Description: Chapter 2PROBLEM 2-25 Working with Incomplete Data from the Income Statement and Schedule of Cost ofGoods Manufactured [LO3, LO4]Supply the missing data in the following cases. Each case is independent of the others.Case2.34Schedule of Cost of Goods

Corporate Financial Accounting

14th Edition

ISBN:9781305653535

Author:Carl Warren, James M. Reeve, Jonathan Duchac

Publisher:Carl Warren, James M. Reeve, Jonathan Duchac

Chapter5: Accounting For Merchandising Businesses

Section: Chapter Questions

Problem 5.26EX

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