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    Case A Case B Case C

    Uploaded by

    khiladi883
    This document contains financial information for three cases (A, B, C) including sales, inventory amounts, manufacturing costs, gross margin, expenses and income. For each case it provides details on raw materials, work in process and finished goods inventory, as well as costs of goods manufactured, sold and gross margin. It also lists selling and administrative expenses and income before and after taxes.

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    © All Rights Reserved
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    Case A Case B Case C

    Uploaded by

    khiladi883
    76 views2 pages
    This document contains financial information for three cases (A, B, C) including sales, inventory amounts, manufacturing costs, gross margin, expenses and income. For each case it provides details on raw materials, work in process and finished goods inventory, as well as costs of goods manufactured, sold and gross margin. It also lists selling and administrative expenses and income before and after taxes.

    Original Description:

    Solution for cost management

    Original Title

    Sol 2-45

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    © © All Rights Reserved

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    This document contains financial information for three cases (A, B, C) including sales, inventory amounts, manufacturing costs, gross margin, expenses and income. For each case it provides details on raw materials, work in process and finished goods inventory, as well as costs of goods manufactured, sold and gross margin. It also lists selling and administrative expenses and income before and after taxes.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    76 views2 pages

    Case A Case B Case C

    Uploaded by

    khiladi883
    This document contains financial information for three cases (A, B, C) including sales, inventory amounts, manufacturing costs, gross margin, expenses and income. For each case it provides details on raw materials, work in process and finished goods inventory, as well as costs of goods manufactured, sold and gross margin. It also lists selling and administrative expenses and income before and after taxes.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    of 2

    Case A Case B Case C

    Sales $ ? $ ? $ 240,000
    Beginning inventory, raw material ? 60,000 7,500
    Ending inventory, raw material 180,000 ? 15,000
    Purchases of raw material 200,000 255,000 ?
    Direct material used 140,000 285,000 ?
    Direct labor ? 300,000 62,500
    Manufacturing overhead 500,000 ? 80,000
    Total manufacturing costs 1,040,000 1,035,000 170,000
    Beginning inventory, work in process 70,000 60,000 ?
    Ending inventory, work in process ? 105,000 2,500
    Cost of goods manufactured 1,050,000 ? 175,000
    Beginning inventory, finished goods 100,000 120,000 ?
    Cost of goods available for sale ? ? 185,000
    Ending inventory, finished goods ? ? 12,500
    Cost of goods sold 1,090,000 990,000 ?
    Gross margin 510,000 510,000 ?
    Selling and administrative expenses ? 225,000 ?
    Income before taxes 300,000 ? 45,000
    Income tax expense 80,000 135,000 ?
    Net income ? ? 27,500
    Case A Case B Case C

    Sales $ 1,600,000 $ 1,500,000 $ 240,000


    Beginning inventory, raw material 120,000 60,000 7,500
    Ending inventory, raw material 180,000 30,000 15,000
    Purchases of raw material 200,000 255,000 35,000
    Direct material used 140,000 285,000 27,500
    Direct labor 400,000 300,000 62,500
    Manufacturing overhead 500,000 450,000 80,000
    Total manufacturing costs 1,040,000 1,035,000 170,000
    Beginning inventory, work in process 70,000 60,000 7,500
    Ending inventory, work in process 60,000 105,000 2,500
    Cost of goods manufactured 1,050,000 990,000 175,000
    Beginning inventory, finished goods 100,000 120,000 10,000
    Cost of goods available for sale 1,150,000 1,110,000 185,000
    Ending inventory, finished goods 60,000 120,000 12,500
    Cost of goods sold 1,090,000 990,000 172,500
    Gross margin 510,000 510,000 67,500
    Selling and administrative expenses 210,000 225,000 22,500
    Income before taxes 300,000 285,000 45,000
    Income tax expense 80,000 135,000 17,500
    Net income 220,000 150,000 27,500

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