Exercise- Determine the missing manufacturing costs for Carson Company for selected months are as follows:
April
|
July
|
October |
Beginning work in process
|
$80,000
|
(f) |
$88,000
|
Direct materials used
|
280,000
|
$190,000
|
155,000
|
Direct labor
|
195,000
|
170,000
|
(j) |
Manufacturing overhead
|
(a) |
150,000
|
90,000
|
Total manufacturing costs
|
860,000
|
510,000
|
450,000
|
Total cost of work in process
|
(b)
|
640,000
|
(k) |
Ending work in process
|
75,000
|
(g)
|
(l) |
Cost of goods manufactured
|
(c) |
515,000
|
385,000
|
Beginning finished goods
|
(d) |
38,000
|
(m) |
Cost of goods available for sale
|
960,000
|
(h) |
480,000
|
Ending finished goods
|
(e) |
75,000
|
(n) |
Cost of goods sold
|
820,000
|
(i) |
355,000 |