CASE 1 Income Statement $ > > > V $ ENG IN Direct materials used Direct labor Manufacturing overhead Total manufacturing costs Beginning work in process inventory Ending work in process inventory 1 Case 2 $9,600 4000 5,000 8,000 8,000 4,000 22600 16,000 1,000 11000 6600 3.000 Sales revenue 24,500 33200 Sales discounts 2,500 1,400 Cost of goods manufactured 17.000 24,000 Beginning finished goods inventory 5000 3,300 hp ENG IN Beginning finished goods inventory 5000 Goods available for sale Cost of goods sold Ending finished goods inventory Gross profit Operating expenses Net income eTextbook and Media 3,300 22,000 27300 18600 24800 3,400 2,500 3400 7,000 2,500 2000 900 5,000 Attempts