Case 1 2 Direct materials used $9,600 $ 4000 Direct labor 8,000 5,000 8,000 Manufacturing overhead 4,000 Total manufacturing costs 22600 16,000 Beginning work in process inventory 1,000 11000 Ending work in process inventory 6600 3,000 Sales revenue 24,500 27300 Sales discounts Cost of goods manufactured 2,500 17,000 1,400 24,000 Beginning finished goods inventory 5000 3,300 Goods available for sale 22,000 34800 Cost of goods sold 18600 33200 Ending finished goods inventory 3,400 2,500 Gross profit 3400 7,000 Operating expenses 2,500 2000 Net income 900 5,000 Prepare a condensed cost of goods manufactured schedule for Case 1. CASE 1 Cost of Goods Manufactured Schedule Direct Materials $ 9600 Direct Labor $ 5000 Manufacturing Overhead 8000 Total Manufacturing Costs 22600 Work in Process Inventory, Beginning 1000 Work in Process Inventory, Beginning 23600 Less : Work in Process Inventory, Ending 6600 i Cost of Goods Manufactured $ 17000 e Textbook and Media