Barone Inc. uses a job order costing system with manufacturing overhead applied to products at a rate of 100% of direct labor cost. Treating each case independently, find the missing amounts for a through l:  ?Case #1Case #2Case #3Direct materials used$20,000e.$10,000Direct labor$20,000f.i.Manufacturing overhead applieda.$30,000j.Total manufacturing costsb.$80,000$30,000Beginning Work in Process$10,000g.$4,000Ending Work in process$12,000$5,000k.Cost of goods manufacturedc.$79,000$28,000Beginning Finished Goods$12,000$15,000l.Ending Finished Goods$9,000h.$15,000Cost of goods sold (unadjusted)d.$81,000$26,000

What will be an ideal response?


?Case #1Case #2Case #3
Direct materials used$20,000e. 20,000$10,000
Direct labor$20,000f. 30,000i. 10,000
Manufacturing overhead applieda. 20,000$30,000j. 10,000
Total manufacturing costsb. 60,000$80,000$30,000
Beginning Work in Process$10,000g. 4,000$4,000
Ending Work in process$12,000$5,000k. 6,000
Cost of goods manufacturedc. 58,000$79,000$28,000
Beginning Finished Goods$12,000$15,000l. 13,000
Ending Finished Goods$9,000h. 13,000$15,000
Cost of goods sold (unadjusted)d. 61,000$81,000$26,000
Direct materials + Direct labor + Manufacturing overhead applied = Total manufacturing costs. Total manufacturing costs + Beginning WIP - Ending WIP = Cost of goods manufactured. Cost of goods manufactured + Beginning FG - Ending FG = Cost of goods sold (unadjusted).

Business

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