An auditor for the Internal Revenue Service is trying to reconstruct some partially destroyed records of two taxpayers.

Required

For each case in the accompanying list, find the unknown elements designated by the letters A and B for  Case 1 and C and D for Case 2.

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Accounts receivable, 12/31 Cost of goods sold Accounts payable, 1/1 Accounts payable, 12/31 Finished goods inventory, 12/31 Gross margin Work-in-process inventory, 1/1 Work-in-process inventory, 12/31 Finished goods inventory, 1/1 Direct materials used Direct manufacturing labor costs Manufacturing overhead costs Purchases of direct materials Revenues Accounts receivable, 1/1 Case 1 (in thousands) $ 10,250 A 5,900 2,700 B 26,000 4,600 2,300 6,600 14,500 5,200 10,400 13,500 64,500 6,400 Case 2 $ 4,500 33,400 2,850 2,250 6,300 C 2,800 5,500 5,100 20,200 7,300 D 10,500 57,600 3,200