00 25 Beginning inventory, raw material Ending inventory, raw material Purchases of raw material Direct material Direct labor Manufacturing overhead Total manufacturing costs Beginning inventory, work in process Ending inventory, work in process Cost of goods manufactured Beginning inventory, finished goods Cost of goods available for sale Ending inventory, finished goods Cost of goods sold Sales Gross margin Selling and administrative expenses Income before taxes Income tax expense Net income Case A 194,000 270,000 210,000 570,000 1,110,000 84,000 1,078,000 170,000 1,160,000 524,000 370,000 94,000 $ Case B 88,000 269,000 313,000 370,000 1,105,000 74,000 119,000 134,000 1,046,000 524,000 253,000 155,000 Case C 14,500 29,000 69,500 94,000 197,000 3,900 200,000 211,000 19,500 380,000 59,000 34,500