Indicate the missing amount. Case 1 2 Direct materials used $9,600 $ 4000 Direct labor Manufacturing overhead 5,000 8,000 8,000 4,000 Total manufacturing costs 22600 16,000 Beginning work in process inventory 1,000 9000 Ending work in process inventory 6600 3,000 Sales revenue 24,500 31200 2,500 Sales discounts Cost of goods manufactured 1,400 24,000 17,000 Beginning finished goods inventory 3000 3,300 Goods available for sale 22,000 25300 Cost of goods sold 16600 22800 Ending finished goods inventory 3,400 2,500 Gross profit 5400 7,000 Operating expenses 2,500 2000 Net income 2900 5,000 e Textbook and Media Prepare a condensed cost of goods manufactured schedule for Case 1. CASE 1 Cost of Goods Manufactured Schedule Direct Materials $ Direct Labor $ Manufacturing Overhead Total Manufacturing Costs Finished Goods Inventory, Beginning Finished Goods Inventory, Ending Add V: Finished Goods Inventory, Ending Cost of Goods Manufactured $ Prepare an income statement for Case 1. CASE 1 Income Statement Sales Revenue $ Less Sales Discounts Net Sales $ $ Prepare the current assets section of the balance sheet for Case 1. Assume that in Case 1 the other items in the current assets section are as follows: Cash $3,000, Receivables (net) $15,000, Raw Materials $600, and Prepaid Expenses $400. (List Current Assets in order of liquidity.) CASE 1 (Partial) Balance Sheet Current Assets Cash 4000 Receivables V 15000 Raw Materials Work in Process $ 600 Finished Goods 6600 Prepaid Expenses 3400 400 Finished Goods Total Current Assets $ e Textbook and Media