Managerial Accounting: E19-11 Incomplete manufacturing cost data for Ikerd Company

Managerial Accounting
E19-11
a. Incomplete manufacturing cost data for Ikerd Company for 2010 are presented as follows for four different situations.
Indicate the missing amount for each letter.
Situation Direct Materials Used Direct labor Manufacturing Overhead Total Mfg Costs Work in Process, Jan 1 Work in Process, Dec 31 Costs of Goods Manufactured
1 127,000 140,000 77,000 a 33,000 b 360,000
2 c 200,000 132,000 450,000 d 40,000 470,000
3 80,000 100,000 e 245,000 60,000 80,000 f
4 70,000 g 75,000 288,000 45,000 h 270,000
b. Complete the condensed cost of goods manufactured schedule for situation (1) for the year ended December 31, 2010. (List amounts from largest to smallest eg 10, 5, 3, 2.)
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