Direct materials used Direct labor Manufacturing overhead Total manufacturing costs Beginning work in process inventory Ending work in process inventory Sales revenue 1 $9,700 Case 2 3,900 (g) 5,100 8,100 8,400 4,100 23,200 16,100 (a) 1,100 9,100 (h) 7,200 (b) 3,100 25,000 Sales discounts Cost of goods manufactured 2,600 17,100 Beginning finished goods inventory 5,000 28,500 (i) 1,500 22,100 3,400 (c) Cost of goods available for sale 22,100 25,500 (j) Cost of goods sold Ending finished goods inventory 18,600 22,900 (d) 3,500 (k) Gross profit 3,800 2,600 7,100 (e) Operating expenses 2,800 Net income 2,000 (I) 1,000 5,100 (f) Prepare an income statement for Case 1. CASE 1 Income Statement $ $ $