Question: i need case 2 solution Q. The following information was taken from the accounting records of Kashaf Manufacturing Company. Unfortunately, some of the data were
i need case 2 solution

Q. The following information was taken from the accounting records of Kashaf Manufacturing Company. Unfortunately, some of the data were destroyed by a computer malfunction. Sales Finished goods inventory, Jan. 1, 2004 Finished goods inventory, Dec. 31, 2004 Cost of goods sold Gross profit Selling and administrative expenses Operating income Work in process, Jan 1, 2004 Direct material used Direct labor Factory overhead Total manufacturing costs Work in process, Dec. 31, 2004 Cost of goods manufactured Case A $ 100,000 15,000 16,000 ? 25,000 ? 10,000 ? 18,000 15,000 20,000 ? 7,000 ? Case B $ ? 8,000 ? 43,000 ? 1,000 2,000 14,000 8,000 9,000 ? 35,000 ? 45,000 Required: Calculate the unknowns indicated by question marks by applying the concepts, and by using the relevant formulae and showing proper working
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