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 Cost of goods available for sale Cost of goods sold Ending finished goods inventory Gross profit Operating expenses Net income Scenario-1 Scenario-2 $10,170 $3,700 $5,450 $8,320 $8,500 $4,980 $24,120 $17,000 $1,250 $9,200 $8,160 $3,420 $25,600 $32,960 $2,940 $1,730 $17,210 $22,780 $4,910 $3,980 $22,120 $26,760 $17,660 $23,500 $4,460 $3,260 $5,000 $7,730 $3,230 $2,270 $1,770 $5,460 CASE 1 Cost of Goods Manufactured Schedule $ $