Indicate the missing amounts of different cost items, and prepare a condensed cost of goods

manufactured schedule, an income statement, and a partial balance sheet.

P$2\mathrm{.}53$B $($LO $4)$ Incomplete manufacturing costs, expenses, and selling data for two different cases are as

follows:

Assume that in Case $1$ the other items in the current assets section are as follows: cash $$3,000,$ receivables

$($net$)$ $$10,000,$ raw materials $$700,$ and prepaid expenses $$200.$

Instructions

a$.$ Indicate the missing amount for each letter.

b$.$ Prepare a condensed cost of goods manufactured schedule for Case $1.$

c$.$ Prepare an income statement and the current assets section of the balance sheet for Case $1.$