17. See the following separate cases. Case #1 Case #2 Sales $1,000 $1,300 Cost of goods manufactured A 500 Finished goods inventory (beginning balance) 100 D Finished goods inventory (ending balance) 150 200 Cost of goods sold B 600 Gross margin 300 E Selling expenses C 75 Administrative expenses 50 40 Operating income 200 F Required: Solve for the missing amounts (A, B,C, D,E,F) ANS: Case #1 Case #2 Sales $1,000 $1,300 Cost of goods manufactured 750 500 Finished goods inventory (beginning balance) 100 300 Finished goods inventory (ending balance) (150) (200) Cost of goods sold 700 600 Gross margin 300 700 Selling expenses 50 75 Administrative expenses 50 40 Operating income 200 585