Incomplete manufacturing costs, expenses, and selling data for two different cases are as follows.

Instructions
(a) Indicate the missing amount for each letter.
(b) Prepare a condensed cost of goods manufactured schedule for Case 1.
(c) Prepare an income statement and the current assets section of the balance sheet for Case 1. Assume that in Case 1 the other items in the current assets section are as follows: Cash $4,000, Receivables (net) $15,000, Raw Materials $600, and Prepaid Expenses$400.

Transcribed Image Text:

Case Manufacturing overhead Total manufacturing costs Beginning work in process invento Ending work in process inventory ry 2 Sales discounts Cost of goods manufactured Beginning finished goods inventory Goods available for sale Ending finished goods inventory