Case 1 2 Direct materials used Direct labor Manufacturing overhead Total manufacturing costs Beginning work in process inventory Ending work in process inventory Sales revenue Sales discounts Cost of goods manufactured Beginning finished goods inventory Goods available for sale $9,990 5,100 8,980 24070 3960 8,360 4,100 16,420 1,150 10360 7300 3,800 25,430 3,000 17,920 4890 33950 2,430 22,980 4,180 22,810 27160 Cost of goods sold Ending finished goods inventory Gross profit Operating expenses Net income 18620 4,190 3810 24060 3,100 7,460 2,900 2270 910 5,190