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Assume that in Case 1 the other items in the current assets section are as follows: cash $ 3 , 0 7 0 , receivables

Assume that in Case 1 the other items in the current assets section are as follows: cash $3,070, receivables (net) $10,180, raw materials $940, and prepaid expenses $230. Incomplete manufacturing costs, expenses, and selling data for two different cases are given below:
(a)
Your Answer
Correct Answer (Used)
Your answer is partially correct.
Indicate the missing amount for each letter.
Case
1
2
Direct Materials Used
$6,360
$enter a dollar amount
6500
Correct answer
(g)
Direct Labour
3,080
8,400
Manufacturing Overhead
6,070
3,200
Total Manufacturing Costs
enter a dollar amount
15510
Correct answer
(a)
18,100
Beginning Work in Process Inventory
1,040
enter a dollar amount
8160
Correct answer
(h)
Ending Work in Process Inventory
enter a dollar amount
2090
Correct answer
(b)
3,260
Sales
22,640
enter a dollar amount
31470
Correct answer
(i)
Sales Discounts
1,540
1,450
Cost of Goods Manufactured
14,460
23,000
Beginning Finished Goods Inventory
enter a dollar amount
3980
Correct answer
(c)
3,440
Goods Available for Sale
18,440
enter a dollar amount
(j)
Cost of Goods Sold
enter a dollar amount
16750
Correct answer
(d)
enter a dollar amount
23140
Incorrect answer
(k)
Ending Finished Goods Inventory
1,690
2,490
Gross Profit
enter a dollar amount
4350
Correct answer
(e)
6,070
Operating Expenses
2,600
enter a dollar amount
3710
Correct answer
(l)
Net Income
enter a dollar amount
1750
Correct answer
(f)
2,360
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(b)
The parts of this question must be completed in order. This part will be available when you complete the part above.
(c1)
The parts of this question must be completed in order. This part will be available when you complete the part above.
(c2)
The parts of this question must be completed in order. This part will be available when you complete the part above.

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