e) Show the presentation of the ending inventories on the December 31, 2017, balance sheet. (F.A-868,200) d) How would the income statement and balance sheet of a merchandising company be different from Aikman's financial statements? #6- Assignment: Case 1 7250 Case 2 Case 3 5500 4000 Case 4 Mt Direct Materials 1500 E 3600 5000 Direct Labors Manufacturing O.H Total Manufacturing Costs 3700 11000 5700 23400 13000 17000 3200 F 2600 N B Beginning Work in Process Inventory Ending Work in Process Inventory Sales (Revenues) 7000 1100 1900 21700 18000 18950 o 14400 18400 19800 Cost of Goods Manufactured Beginning Finished Goods Inventory Cost of Goods Sold C 1500 1250 1490 16000 G K P Ending Finished Goods Inventory 1300 5400 1300 2000 Gross Profit D H L 25400 7- SELF PRACTICE: Knight Company reports the following costs and expenses in May (a) Factory utilities $ 15,500 (b) Direct labor $69,100