Can you please help me aswer this? This questions comes from the book: Management Accounting...
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Accounting
Can you please help me aswer this?
This questions comes from the book: Management Accounting 8e by Hartgraves and Morse.
524. Account Activity and Relationships LO2, 4 Case A Case B Case C Case D mewo Some MBC . Sales $85,000 (b) $110,000 Direct materials ............. 15,000 21,000 () 21,000 Direct labor ............... 5,000 (c) 20,000 (c) Total direct costs .. (a) 32,000 (e) 30,000 Conversion cost. ... (b) 26,000 (g) (9) Manufacturing overhead .. 8,000 (d) 10000 Current manufacturing costs (c) (e) 95,000 79,000 Work in process, beginning .. 7,000 10,000 (d) 21,000 Work in process, ending. 5,000 W) 21,000 (e) Cost of goods manufactured .. (d) 32,000 (c) 82,000 Finished goods inventory, beginning .......... 9,000 8,000 7,000 12,000 Finished goods inventory, ending............. 6,000 (g) 8,000 (d) Cost of goods sold ........................ (e) 35,000 (b) 80,000 Gross profit......... (a) 18,000 15,000 Selling and administrative expenses. . . .. .. .. 20,000 15,000 (a) (a) Net income........ (g) 22,000 to 12,000 6,000 Required Each case is independent. Solve for missing data in alphabetical order. (Hint: Refer to Exhibit 5.6, P. 168 and the WIP table, p. 176.)
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