Assume that in Case 1 the other items in the current assets section are as follows: cash
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Question:
Assume that in Case the other items in the current assets section are as follows: cash $ receivables net $ raw materials $ and prepaid expenses $ Incomplete manufacturing costs, expenses, and selling data for two different cases are given below:
a
Your Answer
Correct Answer Used
Your answer is partially correct.
Indicate the missing amount for each letter.
Case
Direct Materials Used
$
$enter a dollar amount
Correct answer
g
Direct Labour
Manufacturing Overhead
Total Manufacturing Costs
enter a dollar amount
Correct answer
a
Beginning Work in Process Inventory
enter a dollar amount
Correct answer
h
Ending Work in Process Inventory
enter a dollar amount
Correct answer
b
Sales
enter a dollar amount
Correct answer
i
Sales Discounts
Cost of Goods Manufactured
Beginning Finished Goods Inventory
enter a dollar amount
Correct answer
c
Goods Available for Sale
enter a dollar amount
j
Cost of Goods Sold
enter a dollar amount
Correct answer
d
enter a dollar amount
Incorrect answer
k
Ending Finished Goods Inventory
Gross Profit
enter a dollar amount
Correct answer
e
Operating Expenses
enter a dollar amount
Correct answer
l
Net Income
enter a dollar amount
Correct answer
f
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b
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c
The parts of this question must be completed in order. This part will be available when you complete the part above.
c
The parts of this question must be completed in order. This part will be available when you complete the part above.
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