Presented below are incomplete manufacturing cost data. 1. Determine the missing amounts for three different situations.

Direct Materials Used Direct Labor Used Factory Overhead Total manufacturing Cost

(1) $44,000 $62,200 $51,100 $

(2) $ $77,500 $144,000 $300,000

(3) $58,600 $ $114,000 $311,000

2. Determine the missing amounts.

Total Manufacturing Costs Work in Process (January 1) Work in Process (December 31) Cost of Goods Manufactured

(1) $ $122,000 $85,200 $

(2) $300,000 $ $99,800 $323,600

(3) $311,000 $465,000 $ $719,000

Answer and Explanation:

The computation of the missing amount is as follows

As we know that

Total manufacturing costs is

= Direct materials cost + Direct labor cost + Factory overhead  cost

And,

Cost of goods manufactured is

= Total manufacturing costs + Beginning work in process - ending work in process

Based on this, the calculation is as follows

  Direct materials Direct labor Factory       Total

                                                      overhead  manufacturing costs

1. $44,000               $62,200     $51,100        $157,300

2. $78,500             $77,500     $144,000       $300,000

3. $58,600            $138,400     $114,000       $311,000

Now

 Total Manufacturing Costs Beg. Work   End. Work  Cost of Goods

                                              in Process  in Process  Manufactured

1. $157,300                           $122,000     $85,200      $194,100

2. $300,000                         $123,400        $99,800     $323,600

3. $311,000                            $465,000       $57,000     $719,000

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