sales direct materials direct labor total direct costs conversion costs manufacturing overhead current manufacturing costs work in process, beginning work in process ending cost of goods manufactured finished goods inventory beginning finished goods inventory ending cost of goods sold gross profit selling and administrative expenses net income Case A Case 8 90,000 ? 15,000 5,000 ? 8,000 ? 7,000 5,000 ? 6,000 ? 20,000 21,000 ? 32,000 ? 26,000 ? 10,000 ? 32,000 ? 35,000 ? 15,000 ? 22,000 Case C Case D 110,000 ? 20,000 ? 10,000 ? 95,000 21,000 ? 7,000 8,000 ? 18,000 12,000 21,000 79,000 21,000 12,000 15,000