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Problem 14-3A Incomplete manufacturing costs, expenses, and selling data for two different cases are as follows. Your answer is incorrect. Try again. Indicate the missing
Problem 14-3A Incomplete manufacturing costs, expenses, and selling data for two different cases are as follows. Your answer is incorrect. Try again. Indicate the missing amount. Direct materials used $9.780 Direct labor Manufacturing overhead 5,110 8,880 8,920 4,140 Total manufacturing costs 16,450 Beginning work in process inventory 1,990 Ending work in process inventory 3,590 Sales revenue 25,250 Sales discounts Cost of goods manufactured 2,790 17,980 1,500 22,450 Beginning finished goods inventory 4,160 Goods available for sale 22,800 Cost of goods sold Ending finished goods inventory Gross profit 7.640 Operating expenses 3,260 Net income LINK TO TEXT Your answer is partially correct. Try again. Prepare a condensed cost of goods manufactured schedule for Case 1 CASE 1 Cost of Goods Manufactured Schedule Work in Process Inventory, Beginning Direct Materials Direct Labor Manufacturing Overhead - Finished Goods Inventory, Beginning 25760 Work in Process Inventory, Ending 25760 Less . Work in Process Inventory, Ending Cost of Goods Manufactured - 17980 Your answer is partially correct. Try again. Prepare an income statement for Case 1. CASE 1 Income Statement Sales Revenue . 25520 2790 Net Sales 22460 Cost of Goods Sold Finished Goods Inventory, Beginning GE Cost of Goods Manufactured - ES Cost of Goods Available for Sale - T Less - Finished Goods Inventory, Ending Cost of Goods Sold Grass Profit Operating Expenses Net Income /(Loss)
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