Presented below are incomplete manufacturing cost data. Determine the missing amounts for three different situations.
Direct Materials Used Direct Labor Used Factory Overhead Total Manufacturing Costs
(1) $41,900 $62,500 $52,900 $157300
(2) $80000 $76,000 $144,000 $300,000
(3) $57,400 $139600 $115,000 $312,000
Determine the missing amounts.
Total Manufacturing Costs Work in Process (January 1) Work in Process (December 31) Cost of Goods Manufactured
(1) $122,000 $84,300
(2) $300,000 $98,500 $324,500
(3) $312,000 $467,000 $719,000