Question

Determine the missing amounts for three different situations. Direct Materials Used Direct Labor Used Factory Overhead Total Manufacturing Costs (1) $42,900 $62,300 $52,300 $ (2) $ $79,000 $142,000 $299,000 (3) $59,000 $ $115,000 $312,000 LINK TO TEXT Determine the missing amounts. Total Manufacturing Costs Work in Process (January 1) Work in Process (December 31) Cost of Goods Manufactured (1) $ $122,000 $84,600 $ (2) $299,000 $ $98,800 $323,200 (3) $312,000 $464,000 $ $718,000

Answer 1

Answer:

The Missing Amounts are underlined and in bold text

Direct Materials  Direct Labor  Factory Overhead   Total Manufacturing cost

(1)     $42,900         $62,300             $52,300                      $157500

(2)    $78,000         $79,000             $142,000                     $299,000

(3)    $59,000         $138,000           $115,000                      $312,000

Total Manufacturing Costs                       Work in Process (January 1)

Work in Process (December 31)              Cost of Goods Manufactured

(1)       $157500                                                       $122,000

         $84,600                                                        $194,900

(2)      $299,000                                                     $123,000

         $98,800                                                        $323,200

(3)      $312,000                                                       $464,000

         $58,000                                                        $718,000