Case 1 2 Direct Materials Used $ 7,600 G $ Direct Labor 5,000 8,000 Manufacturing Overhead 8,000 4,000 Total Manufacturing Costs A 18,000 Beginning Work in Process Inventory 1,000 H Ending Work in Process Inventory B 3,000 Sales 24,500 I Sales Discounts 2,500 1,400 Cost of Goods Manufactured 17,000 22,000 Beginning Finished Goods Inventory C 3,300 Goods Available for Sale 18,000 J Cost of Goods Sold D K Ending Finished Goods Inventory 3,400 2,500 Gross Profit E 7,000 Operating Expenses 2,500 L Net Income F 5,000