Determine the missing amount for each separate situation involving manufacturing cost flows. Direct materials used Direct labor used Factory overhead Total manufacturing costs Work in process inventory, beginning Total cost of work in process Work in process inventory, ending Cost of goods manufactured (1) 76,800 123,800 245,300 292,925 267,220 $ (2) 152,280 $ 34,640 240,500 58,720 24,345 (3) 35,690 47,520 62,075 10,045 Check my work 13,050

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter6: Activity-based, Variable, And Absorption Costing
Section: Chapter Questions
Problem 17MC: Under absorption costing, a unit of product includes which costs? A. direct material, direct labor,...
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Determine the missing amount for each separate situation involving manufacturing cost flows.
Direct materials used
Direct labor used
Factory overhead
Total manufacturing costs
Work in process inventory, beginning
Total cost of work in process
Work in process inventory, ending
Cost of goods manufactured
(1)
76,800
123,800
245,300
292,925
267,220
$
(2)
152,280 $
34,640
240,500
58,720
24,345
(3)
35,690
47,520
62,075
10,045
Check my work
13,050
Transcribed Image Text:Determine the missing amount for each separate situation involving manufacturing cost flows. Direct materials used Direct labor used Factory overhead Total manufacturing costs Work in process inventory, beginning Total cost of work in process Work in process inventory, ending Cost of goods manufactured (1) 76,800 123,800 245,300 292,925 267,220 $ (2) 152,280 $ 34,640 240,500 58,720 24,345 (3) 35,690 47,520 62,075 10,045 Check my work 13,050
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