QUESTION ONE (20 Marks) For each of the following cases, find the missing data. Show your formulas and calculations clearly. Each case is independent of the others. Case 1 Case 2 Case 3 Sales $15,000 $35,000 (g) Direct materials used 5,000 2,000 3,700 Gross Profit 6,000 27,000 10,000 Accounts payable, beginning 5,300 4,000 2,300 Accounts payable, ending 4,200 5,000 2,600 Beginning finished goods 1,500 4,000 8,000 Ending finished goods 2,000 (d) 6,000 Cost of goods sold (a) 8,000 30,000 Total manufacturing costs (b) 10,000 33,700 Direct labor 2,500 (e) 9,000 Factory overhead 2,000 3,5000 21,000 Accounts receivable, beginning 6,200 5,000 4,200 Accounts receivable, ending 7,100 6,000 4,300 Beginning work-inprocess 5,000 5,000 (h) Ending work-inprocess 4,000 (f) 6,700 Purchase of direct materials 6,000 2,500 500 Cost of goods manufactured ( c ) 12,000 28,000