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 Cost of goods sold Ending finished goods inventory Gross profit Operating expenses Net income $ 9,600 5,000 8,000 (a) 1,000 (b) 24,500 2,500 17,000 $ (9) 8,000 4,000 16,000 (h) 3,000 1,400 24,000 3,300 22,000 (d) 3,400 (k) 2,500 7,000 (e) 2,500 5,000 Instructions a. Indicate the missing amount for each letter. b. Prepare a condensed cost of goods manufactured schedule for Case 1. Ending WIP $ 6,600 c. Prepare an income statement and the current assets section of the balance sheet for Case 1. Assume that in Case 1 the other items in the current assets section are as follows: Cash $3,000, Receivables (not) $15,000, Raw Materials $600, and Prepaid Expenses $400