P19-3A

P19-3A cases are as follows Incomplete manufacturing costs, expenses, and selling data for two different Indicate the missing amount of different cost items, and prepare a condensed cost of goods manufactured schedule, an income statement, and a partial balance sheet Case 2 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 Goods available for sale Cost of goods sold Ending finished goods inventory Gross proft Operating expenses Net income $9,600 5,000 $ (g) 8,000 4,000 8,000 16,000 (LO 3) 1,000 3,000 24,500 2,500 1,400 17,000 24,000 22,0003,300 2,500 3,400 7,000 2,5005,000 Instructions la) Indicate the missing amount for each letter 1b) Prepare a condensed cost of goods manufactured schedule for Case 1. e) Prepare an income statement and the current assets section of the balance sheet for ( Current assets $29,000 (b) Ending WIP $6,600 Case 1. Assume that in Case 1 the other items in the current assets section are as follows: casn $3,000, Receivables (net) $15,000, Raw Materials $600, and Prepaid Expenses $400