Question: $10 Beginning inventory: Finished goods Beginning inventory: Raw materials. 5 8 Beginning inventory: Work-in-process.. 18 Direct labor..... 7 Ending inventory: Finished goods 12 Ending inventory:

$10 Beginning inventory: Finished goods Beginning inventory: Raw materials. 5 8

$10 Beginning inventory: Finished goods Beginning inventory: Raw materials. 5 8 Beginning inventory: Work-in-process.. 18 Direct labor..... 7 Ending inventory: Finished goods 12 Ending inventory: Raw material. 11 Ending inventory: Work-in-process 10 Manufacturing overhead applied... 9 Manufacturing overhead incurred. 26 Operating expenses.. Raw materials purchased. 20 .75 Sales. REQUIRED: 7. Total manufacturing costs were. 8. Cost of goods manufactured was... 9. Cost of goods sold was. 10. Gross profit was. 11. Net income was

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