Problem 02-45 Student Name:
Class:
Enter appropriate data in the yellow cells. An asterisk (*) to the right indicates an incorrect amount.
Case A Case B Case C
Sales
* *
Beginning inventory, raw material
*
Ending inventory, raw material
*
Purchases of raw material
*
Direct material
*
Direct labor
*
Manufacturing overhead
*
Total manufacturing costs
Beginning inventory, work in process
*
Ending inventory, work in process
*
Cost of goods manufactured
*
Beginning inventory, finished goods
*
Cost of goods available for sale
* *
Ending inventory, finished goods
* *
Cost of goods sold
*
Gross margin
*
Selling and administrative expenses
* *
Income before taxes
*
Income tax expense
*
Net income
* *
Problem 02-45 Student Name:
Class:
Enter appropriate data in the yellow cells. An asterisk (*) to the right indicates an incorrect amount.
CALCULATIONS
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
Instructor
McGraw-Hill/Irwin