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Indicate the missing amount. Case 1 2 $9,990 $ Direct materials used Direct labor 5,100 8,360 Manufacturing overhead 8,980 4,100 Total manufacturing costs 16,420 Beginning
Indicate the missing amount. Case 1 2 $9,990 $ Direct materials used Direct labor 5,100 8,360 Manufacturing overhead 8,980 4,100 Total manufacturing costs 16,420 Beginning work in process inventory 1,150 Ending work in process inventory 3,800 Sales revenue 25,430 Sales discounts 3,000 2,430 Cost of goods manufactured 17.920 22,980 Beginning finished goods inventory 4,180 Goods available for sale 22,810 Cost of goods sold Ending finished goods inventory 4,190 3,100 Gross profit 7,460 Operating expenses 2,900 Net income 5,190 Prepare a condensed cost of goods manufactured sched u le for Case 1 CASE 1 Cost of Goods Manufactured Schedule Prepare the current assets section of the balance sheet for Case 1. Assume that in Case 1 the other items in the current assets section are as follows: Cash $4,060, Receivables (net) $15,200, Raw Materials $670, and Prepaid Expenses $440. (List Current Assets in order of liquidity) CASE 1 (Partial) Balance Sheet
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