Consider the following selected amounts and account balances of Esquires:

Show how this company reports current assets on the balance sheet. Not all data are used. Is Esquires a service company, a merchandiser, or a manufacturer? How do you know?

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5,600 28,000 38,000 22,000 63,000 10,400 Cost of goods sold...$107,000 Prepaid expenses Direct labour.. 45,000 Marketing expense.... 20,100 Work in process inventory 79,000 Manufacturing overhead. 14,900 Finished goods inventory. 92,000 Raw materials inventory Cash Cost of goods manufactured