Materials inventory, December 1 $86,220 $110,300 Materials inventory, December...
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Accounting
Materials inventory, December 1 | $86,220 | $110,300 | ||
Materials inventory, December 31 | (a) | 124,715 | ||
Materials purchased | 218,900 | (a) | ||
Cost of direct materials used in production | 255,120 | (b) | ||
Direct labor | 325,010 | 248,270 | ||
Factory overhead | 100,860 | 123,610 | ||
Total manufacturing costs incurred in December | (b) | 713,870 | ||
Total manufacturing costs | 846,510 | 979,810 | ||
Work in process inventory, December 1 | 165,520 | 265,940 | ||
Work in process inventory, December 31 | 139,630 | (c) | ||
Cost of goods manufactured | (c) | 707,260 | ||
Finished goods inventory, December 1 | 145,690 | 124,925 | ||
Finished goods inventory, December 31 | 152,570 | (d) | ||
Sales | 1,270,700 | 1,103,600 | ||
Cost of goods sold | (d) | 715,195 | ||
Gross profit | (e) | (e) | ||
Operating expenses | 165,510 | (f) | ||
Net income | (f) | 243,865 |
Required:
Question Content Area
1. Determine the amounts of the missing items, identifying them by letter. Enter all amounts as positive numbers.
Letter | On Company | Off Company |
a. | $fill in the blank 9c626205fff0faa_1 | $fill in the blank 9c626205fff0faa_2 |
b. | $fill in the blank 9c626205fff0faa_3 | $fill in the blank 9c626205fff0faa_4 |
c. | $fill in the blank 9c626205fff0faa_5 | $fill in the blank 9c626205fff0faa_6 |
d. | $fill in the blank 9c626205fff0faa_7 | $fill in the blank 9c626205fff0faa_8 |
e. | $fill in the blank 9c626205fff0faa_9 | $fill in the blank 9c626205fff0faa_10 |
f. | $fill in the blank 9c626205fff0faa_11 | $fill in the blank 9c626205fff0faa_12 |
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