Working with Incomplete Data from the Income Statement and Schedule of Cost of Goods Manufactured[LO4, LO5]

Supply the missing data in the following cases. Each case is independent of the others.

Schedule of Cost of Goods Manufactured Direct materials ......................... $4,500 Direct labor ............................. ? Manufacturing overhead .................. $5,000 Total manufacturing costs ................. $18,500 Beginning work in process inventory ......... $2,500 Ending work in process inventory ........... '? Cost of goods manufactured ............... $18,000 Income Statement Sales ................................. $30,000 Beginning finished goods inventory .......... $1,000 Cost of goods manufactured ............... $18,000 Goods available for sale ................... '? Ending finished goods inventory ............ '? Cost of goods sold ....................... $17,000 Gross margin ........................... $13,000 Selling and administrative expenses ......... 9 Net operating income ..................... $4,000 $6,000 $3,000 $4,000 $1,000 $14,000 $21,000 $2,500 $14,000 $1,500 $3,500 ? $3,000 $4,000 $9,000 $3,000 $40,000 $2,000 $17,500 $3,500 $9,000