B G C D E F A TJ K L H M . 1 2 DePaul University Accounting 102 Chapter 15 3 Income Statement #2 4 5 $ 6,000 a $ $ $ 7,000 18,000 2,000 b $ $ 30,000 7,000 6 7 Direct Materials 8 Direct Labor 9 Overhead 10 Total Manufacturing Cost 11 Work In Process - January 1 12 Work In Process - December 31 13 Sales Revenues 14 Finished Goods Inventory - January 1 15 Cost of Goods Manufactured 16 Cost of goods Available for Sale 17 Finished Goods Inventory - December 31 18 Cost of Goods Sold 19 Gross Margin 20 Operating Expenses 21 Operating Income 22 23 24 Sheet1 $ 23,000 d $ 18,000 e $ 3,000 S12