"Manufacturing cost data for Copa Company are presented below. Indicate the missing amount for each letter (a) through"

Question

"Manufacturing cost data for Copa Company are presented below. Indicate the missing amount for each letter (a) through (i). Case A Case B Case C Direct materials used $ ) $72,720 $131,700 Direct labor 59,280 90,560 ) Manufacturing overhead 49,120 82,680 105,500 Total manufacturing costs 199,600 ) 255,700 Work in process 1\/1\/20 ) 17,110 ) Total cost of work in process 226,310 ) 339,900 Work in process 12\/31\/20 ) 13,240 71,550 Cost of goods manufactured 188,400 ) )"

Accepted Answer

"Case A Case B Case C Direct materials used $ (a) $72,720 $131,700 Direct labor 59,280 90,560 (g) Manufacturing overhead 49,120 82,680 105,500 Total manufacturing costs 199,600 (d) 255,700 Work in process 1\/1\/20 (b) 17,110 (h) Total cost of work in process 226,310 (e) 339,900 Work in process 12\/31\/20 (c) 13,240 71,550 Cost of goods manufactured 188,400 (f) (i) Explanation: (a) + $59,280 + $49,120 = $199,600 (a) = $91,200 $199,600 + (b) = $226,310 (b) = $26,710 $226,310 \u2013 (c) = $188,400 (c) = $37,910 $72,720 + $90,560 + $82,680 = (d) (d) = $245,960 $245,960 + $17,110 = (e) (e) = $263,070 $263,070 \u2013 $13,240 = (f) (f) = $249,830 $131,700 + (g) + $105,500 = $255,700 (g) = $18,500 $255,700 + (h) = $339,900 (h) = $84,200 $339,900 \u2013 $71,550 = (i) (i) = $268,350 Additional explanation: Case A (a) Total manufacturing costs $199,600 Less: Manufacturing overhead $49,120 Direct labor 59,280 108,400 Direct materials used $91,200 [$199,600 \u2013 ($49,120 + $59,280) = $91,200] [Tot. mfg. costs \u2013 (MOH + DL) = DM used] (b) Total cost of work in process $226,310 Less: Total manufacturing costs 199,600 Work in process (1\/1\/20) $26,710 (c) Total cost of work in process $226,310 Less: Cost of goods manufactured 188,400 Work in process (12\/31\/20) $37,910 Case B (d) Direct materials used $72,720 Direct labor 90,560 Manufacturing overhead 82,680 Total manufacturing costs $245,960 ($72,720 + $90,560 + $82,680 = $245,960) (DM used + DL + MOH = Tot. mfg. costs) (e) Total manufacturing costs $245,960 Work"

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Manufacturing cost data for Copa Company are presented below

Expert Solution

Archived Solution

	Case A		Case B		Case C
Direct materials used	$	)	$72,720		$131,700
Direct labor	59,280		90,560			)
Manufacturing overhead	49,120		82,680		105,500
Total manufacturing costs	199,600			)	255,700
Work in process 1/1/20		)	17,110			)
Total cost of work in process	226,310			)	339,900
Work in process 12/31/20		)	13,240		71,550
Cost of goods manufactured	188,400			)		)

(a)	Total manufacturing costs			$199,600
	Less:	Manufacturing overhead	$49,120
		Direct labor	59,280	108,400
	Direct materials used			$91,200

(b)	Total cost of work in process	$226,310
	Less: Total manufacturing costs	199,600
	Work in process (1/1/20)	$26,710

(c)	Total cost of work in process	$226,310
	Less: Cost of goods manufactured	188,400
	Work in process (12/31/20)	$37,910

(e)	Total manufacturing costs	$245,960
	Work in process (1/1/20)	17,110
	Total cost of work in process	$263,070

(f)	Total cost of work in process	$263,070
	Less: Work in process (12/31/20)	13,240
	Cost of goods manufactured	$249,830

(g)	Total manufacturing costs			$255,700
	Less:	Manufacturing overhead	$105,500
		Direct materials used	131,700	237,200
	Direct labor			$18,500

(h)	Total cost of work in process	$339,900
	Less: Total manufacturing costs	255,700
	Work in process (1/1/20)	$84,200