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Determine the missing amounts for three different situations

27/10/2021 Client: muhammad11 Deadline: 2 Day

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)

$40,000

$61,000

$50,000

$Entry field with incorrect answer?

(2)

$Entry field with incorrect answer?

$75,000

$140,000

$296,000

(3)

$55,000

$Entry field with incorrect answer?

$111,000

$310,000

etermine the missing amounts.

Total
Manufacturing
Costs

Work
in Process
(January 1)

Work
in Process
(December 31)

Cost of
Goods
Manufactured

(1)

$http://edugen.wileyplus.com/edugen/art2/common/pixel.gif?

$120,000

$82,000

$http://edugen.wileyplus.com/edugen/art2/common/pixel.gif?

(2)

$296,000

$http://edugen.wileyplus.com/edugen/art2/common/pixel.gif?

$98,000

$331,000

(3)

$310,000

$463,000

$http://edugen.wileyplus.com/edugen/art2/common/pixel.gif?

$715,000

Knight Company reports the following costs and expenses in May.

Factory utilities

$15,500

Direct labor

$69,100

Depreciation on factory equipment

12,650

Sales salaries

46,400

Depreciation on delivery trucks

3,800

Property taxes on factory building

2,500

Indirect factory labor

48,900

Repairs to office equipment

1,300

Indirect materials

80,800

Factory repairs

2,000

Direct materials used

137,600

Advertising

15,000

Factory manager’s salary

8,000

Office supplies used

2,640

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