Incomplete manufacturing costs, expenses, and selling data for two different cases are as follows (a) Your answer is correct Indicate the missing amount for each letter Case 1 $10.060 5 4440 is Direct materials used Direct labor Manufacturing overhead Total manufacturing costs Beginning work in process inventory 5,180 8,820 2400 8.290 4,280 17010 3 1410 9550 ih Ending work incess inventory 0290 E 3.660 34070 Sales revenue Sales discounts 25.390 2.230 00 1.990 $ 4240 Direct materials used Direct labor Manufacturing overhead Total manufacturing costs Beginning work in process inventory $10,060 5,180 8.820 8,290 4280 24050 cal 17,010 1.410 9550 th) Ending work in process inventory 8290 (b) 3660 Sales revenue 25.390 2.730 17.180 Sales discounts Cost of goods manufactured Beginning finished goods inventory Goods available for sale 34070 1.990 22.900 4,320 5060 Id 22.240 27220 15670 (d) 24250 ) Cost of goods sold Ending finished goods inventory Gross proht 3.590 3,010 4010 c) 7.870 Operating expenses 2,820 2770 10 Net income 1190 5,100 Your answer correct Prepare a condensed cost of goods manufactured schedule for Case 1. CASE 1 Cost of Goods Manufactured Schedule Work in Process Inventory Beginning 1410 Direct Labor 5180 Manufacturing Overhead 8920 Direct Materials 10060 Total Manufacturing Costs 24000 Total Cost of Work in Process Worki Povestory Ending 8290 Cost of Goods Manufactured 1710 Prepare an income statement for Case 1. CASE 1 Income Statement Cost of Goods Avable for Sale Ques Gross Prote Sales Revenue PI Total Cost of Work in Process 5.33/8 E Direct Materials CASE 1 Income Statement $ Net Income loss Manufacturing Overhead Work in Process tvertory Tree Director Finished Goods wory Ending Cont of Goods Sold Total Manufacturing Costs 5 Net Sales Cost of Good Manufactured Work in Process inventory Desting Sales Discounts Finished Goods Intory. Begin Operating Experts Prepare the current sets section of the balance sheet for Cane 1. Assume that in case the other items in the current assets section are as follows Cash $3.550, Receivables (het) $15.000, Raw Materials $620, and Prepaid Expenses $430 Last Current Assets in order of liquidity) CASE 1 (Partial) Balance Sheet 3) > > S Prepare the current assets section of the balance sheet for Case 1. Assume that in case I the other items in the current assets section are as follows: Cash $3.550. Receivables (net $15.800. Raw Material $620 and Prepaid Expenses 5430 (List Current Assets in order of liquidity) CASE 1 (Partial) Balance Sheet Cash $ Finished Goods Investors Prepaid Expenses Raw Materials Receivables Work in Process Buildings Count Payables