Final answer:
To calculate the missing manufacturing cost flow amounts, apply the relationships between the elements of manufacturing costs. For scenario 1, we found the missing factory overhead to be $18,020. In scenario 2, the missing work in process inventory ending was $42,380, and in scenario 3, the cost of goods manufactured that was missing amounted to $173,260.
Step-by-step explanation:
To determine the missing amounts for each separate situation involving manufacturing cost flows, we need to understand the relationship between direct materials, direct labor, factory overhead, and total manufacturing costs.
Scenario 1 Calculation
Total manufacturing costs = Direct materials used + Direct labor used + Factory overhead
$243,500 = $150,480 + $75,000 + Factory overhead
Factory overhead (Missing amount) = $243,500 - $150,480 - $75,000
Factory overhead (Missing amount) = $18,020
Scenario 2 Calculation
Total cost of work in process = Total manufacturing costs + Work in process inventory, beginning - Work in process inventory, ending
$289,325 = $238,700 + $8,245 - Work in process inventory, ending
Work in process inventory, ending (Missing amount) = $238,700 + $8,245 - $289,325
Work in process inventory, ending (Missing amount) = $42,380
Scenario 3 Calculation
Cost of goods manufactured = Total manufacturing costs + Work in process inventory, beginning - Work in process inventory, ending
Cost of goods manufactured (Missing amount) = Direct materials used + Direct labor used + Factory overhead + Work in process inventory, beginning - Work in process inventory, ending
Cost of goods manufactured (Missing amount) = $33,890 + $45,720 + $60,275 + $56,920 - $22,545
Cost of goods manufactured (Missing amount) = $173,260