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Problem 14-03A Incomplete manufacturing costs, expenses, and selling data for two different cases are as follows. Indicate the missing amount for each letter. Case 1
Problem 14-03A Incomplete manufacturing costs, expenses, and selling data for two different cases are as follows. Indicate the missing amount for each letter. Case 1 2 Direct materials used $10,170 $ Direct labor Manufacturing overhead Total manufacturing costs 5,450 8,500 (9) 8,320 4,980 17,000 (a) 1,250 Beginning work in process inventory (h) Ending work in process inventory 3,420 (b) 25,600 Sales revenue Sales discounts Cost of goods manufactured Beginning finished goods inventory 2,940 17,210 (1) 1,730 22,780 3,980 Goods available for sale 22,120 6) Cost of goods sold Ending finished goods inventory Gross profit (d) 4,460 3,260 7,730 Operating expenses 3,230 Net Income (0) 5,460 Prepare a condensed cost of goods manufactured schedule for Case 1. CASE 1 Cost of Goods Manufactured Schedule . . Prepare an income statement for Case 1. CASE 1 Income Statement Prepare the current assets section of the balance sheet for Case 1. Assume that in Case I the other items in the current section are as follows: Cash 63.00, Receivables (et) $18.00, Raw Mater 1710. and Prepaid 5420. (List Current Assets in order of Howy) CASE 1 (Partial) Balance Sheet 1 + Click if you would like to show Work for this question Open Show
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