PROBLEM 2-25 Working with Incomplete Data from the Income Statement and Schedule of Cost of Goods Manufactured [L04, L05] Supply the missing data in the following cases. Each case is independent of the others Case 2 3 Schedule of Cost of Goods Manufactured Direct materials $4,500 $6,000 $5,000 $3.000 Direct labor... $3,000 $7,000 $4,000 Manufacturing overhead. $5,000 $4,000 7 $9.000 Total manufacturing costs $18,500 ?? $20,000 ? Beginning work in process inventory $2,500 ? $3,000 ? Ending work in process inventory ? $1,000 $4,000 $3.000 Cost of goods manufactured i $18,000 $14,000 7 ? Income Statement Sales $30,000 $21,000 $36,000 $40,000 Beginning finished goods inventory. $1,000 Cost of goods manufactured $18,000 Goods available for sale. $2,500 $14,000 2 $2,000 ? $17.500 3 ? Ending finished goods inventory ? $1,500 $4,000 $3.500 Cost of goods sold $17,000 ? $18,500 ? Gross margin $13,000 7 $17,500 7 Selling and administrative expenses P $3,500 7 ? Net operating income.. $4,000 7 $5,000 $9,000