Exercise -3: Accounting for Manufacturing Company Case B Case C 19,000 ? ? 85,000 95,000 100,000 89,000 100,000 70,000 ? ? 345,000 20,000 250,000 520,000 35,000 35,000 ? Determine the missing amounts in each case. Details Case A Beginning inventory, raw 18,000 material Ending inventory, raw material 330,000 Purchase of raw material (Net) ? Direct material used ? Direct labor 125,000 Manufacturing overhead 160,000 Current manufacturing cost 340,000 Beginning inventory, working ? process Ending inventory, working 5,000 process Cost of goods manufactured 350,000 Beginning inventory, finished ? goods Cost of goods available for sale 370,000 Ending inventory, finished goods 25,000 Cost of goods sold Sales 480,000 Gross Margin ? Selling and administrative ? expenses Income before tax expense 60,000 Income tax expense ? Net income 20,000 ? 525,000 50,000 40,000 ? ? ? ? ? 330,000 ? 545,000 ? 255,00 ? 170,000 75,000 n. 150,000 40,000 45,000