Presented Below Are Incomplete Manufacturing Cost Data. Determine The Missing Amounts For Three Different Situations.

Direct
Materials
Used

 

Direct
Labor
Used

 

 Factory
Overhead

 

Total
Manufacturing
Costs

 

(1)

 

$40,000

 

$61,000

 

$50,000

 

$?

 

(2)

 

$?

 

$75,000

 

$140,000

 

$296,000

 

(3)

 

$55,000

 

$?

 

$111,000

 

$310,000

etermine the missing amounts.

    

Total
Manufacturing
Costs

 

Work
in Process
(January 1)

 

Work
in Process
(December 31)

 

Cost of
Goods
Manufactured

 

(1)

 

$?

 

$120,000

 

$82,000

 

$?

 

(2)

 

$296,000

 

$?

 

$98,000

 

$331,000

 

(3)

 

$310,000

 

$463,000

 

$?

 

$715,000

 

  

Knight Company reports the following costs and expenses in May.

     

Factory   utilities

 

$15,500

 

Direct   labor

 

$69,100

     

Depreciation   on factory equipment

 

12,650

 

Sales   salaries

 

46,400

 

Depreciation   on delivery trucks

 

3,800

 

Property   taxes on factory building

 

2,500

 

Indirect   factory labor

 

48,900

 

Repairs to   office equipment

 

1,300

 

Indirect   materials

 

80,800

 

Factory   repairs

 

2,000

 

Direct   materials used

 

137,600

 

Advertising

 

15,000

 

Factory   manager’s salary

 

8,000

 

Office   supplies used

 

2,640