Find the missing values in the following manufacturing income statement: Sales.... Cost of goods sold: Direct materials

Find the missing values in the following manufacturing income statement:

Transcribed Image Text:

Sales.... Cost of goods sold: Direct materials inventory, 1/1 + Direct materials purchases. Direct materials available........... - Direct materials inventory, 12/31 56,000 Direct materials used. 2,000 Direct labor.... Lin Manufacturing overhead. Total manufacturing costs. + Work in process inventory, 1/1 - Work in process inventory, 12/31. Cost of goods manufactured. + Finished goods inventory, 1/1 Goods available for sale -Finished goods inventory, 12/31 Cost of goods sold Gross profit.. 1997 1998 $ ? $113,700 1999 $13760 $ 8,000 $1? 4/6? 20,000 30,000 $ 7 $ 26,000 $? (9,000) (12,300) $1770 $177050 $267 20,000 16,000 $ 53,000 12,000 23,500 217300 $ ? 18,000 (16,300) 40? 24,000 $ 90,900 (22,300) $ 84,900 $y 2 15700 $ 63,500 $ 62,000 (21,000) $ 84,500 $103,200 ? $ 83,200 $ 49,000 $ ? $ 46,800