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Using the Following Information to Find the Unknown Amounts

Question 140

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Using the following information to find the unknown amounts.Assume each set of information is an independent case.
 a. Merchandise Inventory  Purchases $420000 Cost of goods sold 446000 Beginuing balance 82000 Ending balance ?b. Direct Materials  Beginuing balance $14000 Ending balance 28000 Purchases 96000 Direct materials used ? c. Direct Materials  Ending balance $44000 Cost of goods manufactured 42000 Beginting balance 16000 Current manufacturing costs ? d. Finished Goods Inventory  Cost of goods manufactured $124000 Ending balance 40000 Cost of goods sold 122000 Beginuing balance ?\begin{array} { l l r } \text { a. Merchandise Inventory } & \text { Purchases } & \$ 420000 \\& \text { Cost of goods sold } & 446000 \\& \text { Beginuing balance } & 82000 \\& \text { Ending balance } & ? \\& & \\\text {b. Direct Materials }& \text { Beginuing balance } & \$ 14000 \\& \text { Ending balance } & 28000 \\& \text { Purchases } & 96000 \\& \text { Direct materials used } & ? \\& & \\\text { c. Direct Materials } & \text { Ending balance } & \$ 44000 \\& \text { Cost of goods manufactured } & 42000 \\& \text { Beginting balance } & 16000 \\& \text { Current manufacturing costs } & ? \\& & \\\text { d. Finished Goods Inventory } & \text { Cost of goods manufactured } & \$124000 \\& \text { Ending balance } & 40000 \\& \text { Cost of goods sold } & 122000\\&\text { Beginuing balance }&?\end{array}

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