Using Case 1

Prepare Income Statement and Balance Sheet (partial)

THANK YOU

Indicate the missing amount. Cas 1 Direct materials used Direct labor Manufacturing overhead Total manufacturing costs $10,190 5,130 8,720 24040 Beginning work in process inventory Ending work in process inventory Sales revenue Sales discounts Cost of goods manufactured Beginning finished goods inventory Goods available for sale 7870 25,500 2,880 18,010 4610 22,620 Cost of goods sold Ending finished goods inventory Gross profit 18940 3 680 3680 3.250 Operating expenses Net income 430 Show soumon