Question: Indicate the missing amount for each letter. Case 1 2 Direct materials used Direct labor Manufacturing overhead Total manufacturing costs Beginning work in process inventory
Indicate the missing amount for each letter. Case 1 2 Direct materials used Direct labor Manufacturing overhead Total manufacturing costs Beginning work in process inventory $9,700 3900 (g) 5,100 8,100 8,400 4.100 23.200 (a) 16,100 1,100 100 (h) Ending work in process inventory $7.200 3,100 (b) Sales revenue 25,000 25000 W Sales discounts 2,600 1.500 Cost of goods manufactured 17,100 22,100 Beginning finished goods inventory 5000 3,400 Goods available for sale 22,100 26500 Cost of goods sold 18600 (d) 2500 (k) Ending finished goods inventory 3,500 2.600 Gross profit 3800 (e) 7,100 Operating expenses 2,800 2000 (1) Net income 1000 (f) 5,100 Prepare a condensed cost of goods manufactured schedule for Case 1. CASE 1 Cost of Goods Manufactured Schedule Work in Process Inventory, Beginning + Direct Materials Direct Labor Manufacturing Overhead Total Manufacturing Costs Total Cost of Work in Process Less Work in Process Inventory, Ending Cost of Goods Manufactured 0 eTextbook and Media 9700 5100 8400 1100 23200 244300 2200 i Attempts: 2 of 5 used Prepare an income statement for Case 1. Sales Revenue Less Sales Discounts Net Sales Cost of Goods Sold Finished Goods Inventory, Beginning Cost of Goods Manufactured CASE 1 Income Statement 25000 2600 5000 17100 i Cost of Goods Available for Sale 22100 i Less Finished Goods Inventory, Ending 3500 Cost of Goods Sold Gross Profit Operating Expenses Net Income/(Loss) 18800 BADO 22400 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 $3,100, Receivables (net) $15,100, Raw Materials $610, and Prepaid Expenses $410. (List Current Assets in order of liquidity.) 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 $3,100, Receivables (net) $15,100, Raw Materials $610, and Prepaid Expenses $410. (List Current Assets in order of liquidity.) Current Assets Cash Receivables Finished Goods Cash CASE 1 (Partial) Balance Sheet 610 Work in Process Finished Goods 1100 3500 Cash Total Current Assets 3100 15100 1100 1100 -23820