Professional Documents
Culture Documents
Cases
1 2 3 4
Schedule
of
Cost
of
Goods
Manufactured
Direct
materials 7.000 9.000 6.000 8.000
Direct
labor 2.000 4.000 ? 3.000
Manufacturing
overhead 10.000 ? 7.000 21.000
Total
manufacturing
costs ? 25.000 18.000 ?
Beginning
work
in
process
inventory ? 1.000 2.000 ?
Ending
work
in
process
inventory 4.000 3.500 ? 2.000
Cost
of
goods
manufactured 18.000 ? 16.000 31.500
Income
Statement
Sales 25.000 40.000 30.000 40.000
Beginning
finished
goods
inventory 6.000 ? 7.000 9.000
Cost
of
goods
manufactured 18.000 ? 16.000 31.500
Goods
available
for
sale ? ? ? ?
Ending
finished
goods
inventory 9.000 4.000 ? 7.000
Cost
of
goods
sold ? 26.500 18.000 ?
Gross
margin ? ? ? ?
Selling
and
administrating
expenses 6.000 ? ? 10.000
Net
operating
income ? 5.500 3.000 ?
1 2 3 4
Schedule
of
Cost
of
Goods
Manufactured
Direct
materials 7.000 9.000 6.000 8.000
Direct
labor 2.000 4.000 5.000 3.000
Manufacturing
overhead 10.000 12.000 7.000 21.000
Total
manufacturing
costs 19.000 25.000 18.000 32.000
Beginning
work
in
process
inventory 3.000 1.000 2.000 1.500
Ending
work
in
process
inventory 4.000 3.500 4.000 2.000
Cost
of
goods
manufactured 18.000 22.500 16.000 31.500
Income
Statement
Sales 25.000 40.000 30.000 40.000
Beginning
finished
goods
inventory 6.000 8.000 7.000 9.000
Cost
of
goods
manufactured 18.000 22.500 16.000 31.500
Goods
available
for
sale 24.000 30.500 23.000 40.500
Ending
finished
goods
inventory 9.000 4.000 5.000 7.000
Cost
of
goods
sold 15.000 26.500 18.000 33.500
Gross
margin 10.000 13.500 12.000 6.500
Selling
and
administrating
expenses 6.000 8.000 9.000 10.000
Net
operating
income 4.000 5.500 3.000 -‐3.500