ACO620 - Fall 2021 Assignment 1 Determine the missing amounts in each of the following cases. Show your computations. Case A Case B Beginning inventory, raw material Ending inventory, raw material Purchases of raw material Direct material Direct labor Manufacturing overhead Total manufacturing costs Beginning inventory, work in process Ending inventory, work in process Cost of goods manufactured Beginning inventory, finished goods Cost of goods available for sale Ending inventory, finished goods Cost of goods sold Sales Gross margin Selling and administrative expenses Income before taxes Income tax expense Net income ? $90,000 100,000 70,000 2 250,000 520,000 35.000 ? 525,000 50,000 2 ? 545.000 ? 255,000 150.000 40,000 $110,000 $20,000 2 85,000 95,000 100,000 29 345,000 20,000 35,000 2 40,000 ? 2 330.000 2 170.000 75.000 2 45.000