Case Case B 70,000 Caset 10,000 20,000 185,000 225,000 165,000 260,000 295,000 325,000 525,000 1,065,000 75,000 65,000 85,000 195,000 1,060,000 65,000 110,000 Beginning inventory, raw material Ending inventory, raw material Purchases of raw material Direct material used 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 3,000 200,000 1,060,000 125.000 125,000 215,000 15.000 1.115,000 1,010,000 290,000 515,000 515,000 235.000 50.000 325,000 85.000 146.000 30.000