2 Problem 2-41 Incomplete Data; Manufacturing Costs (LO 2-2, 2-5) 1 points Mc Determine the missing amounts in each of the following independent cases. (Enter all answers as positive value.) Answer is complete but not entirely correct. Case A Beginning inventory, raw material $ Ending inventory, raw material 260,000 $ 200,000 Case B 100,000 Case C $ 50,000 8,000 35,000 Purchases of raw material 300,000 275,000 11,500 Direct material 240,000 325,000 54,500 Direct labor 300,000 400,000 72,500 Manufacturing overhead 600,000 410,000 100,000 Total manufacturing costs 1,140,000 1,135,000 227,000 Beginning inventory, work in process 90,000 80,000 7,500 Return to question Case A Case B Case C Beginning inventory, raw material Ending inventory, raw material $ 260,000 $ 100,000 $ 8,000 200,000 50,000 35,000 Purchases of raw material Direct material 300,000 275,000 11,500 x 240,000 325,000 54,500 Direct labor 300,000 400,000 72,500 Manufacturing overhead 600,000 410,000 100,000 Total manufacturing costs 1,140,000 1,135,000 227,000 Beginning inventory, work in process 90,000 80,000 7,500 Ending inventory, work in process 140,000 125,000 4,500 Cost of goods manufactured 1,090,000 1,090,000 230,000 Beginning inventory, finished goods 200,000 140,000 39,500 Cost of goods available for sale 1,290,000 1,230,000 247,000 Ending inventory, finished goods 100,000 160,000 22,500 Cost of goods sold 1,190,000 1,070,000 224,500 Cost of goods manufactured 1,090,000 1,090,000 230,000 Beginning inventory, finished goods 200,000 140,000 39,500 x Cost of goods available for sale 1,290,000 1,230,000 247,000 Ending inventory, finished goods 100,000 160,000 22,500 Cost of goods sold 1,190,000 1,070,000 224,500 Sales 1,720,000 1,600,000 440,000 Gross margin 530,000 530,000 215,500 Selling and administrative expenses 490,000 265,000 150,500 Income before taxes 400,000 265,000 65,000 Income tax expense 100,000 161,000 27,500 Net income 30,000 104,000 37,500