Required: Supply the missing data in the following cases. Each case is independent of the others. Answer is complete but not entirely correct. Case 2 4 Direct materials 5,000 $ 6,500 $ 5,500 3,500 Direct labour 8,500 3,500 7,500 4,500 Manufacturing overhead 5,500 4,500 7,500 9,500 Total manufacturing costs 19,000 14,500 20,500 17,500 Beginning work-in-process inventory 3,000 2,250 3,500 18,750 Ending work-in-process inventory 3,500 1,500 4,500 3,250 Cost of goods manufactured 18,500 15,250 19,500 2,369 Sales 33,000 23,500 36,500 40,500 Beginning finished goods inventory 3,000 3,000 12,750 5,590 Cost of goods manufactured 18,500 15,250 12,500 18,500 Goods available for sale 21,500 18,250 6,350 21,000 Ending finished goods inventory 1,700 2,000 4,500 4,000 Cost of goods sold 60 x 16,250 50% 17,000 Gross margin 40% 1,250 7,525 17,400 Operating expenses 8,700 3,950 8,950 11,250 Net income $ 4,500 $ 17,250 6,000 $ 9,500 RUSSELL MANUFACTURING COMPANY Cost of Goods Manufactured Statement For the Quarter Ending December 31, 2019 Direct materials: Beginning inventory $ 7,470 Add: Purchases 176,568 Direct materials available for use $ 184,038 Deduct: Ending inventory 8,820 Direct materials used $ 175,218 215,120 Direct labour Overhead Indirect materials Indirect labour 75,672 53,780 Facility rental 77,400 Depreciation 52,720 Management salaries 160,000 Insurance 52,000 Manufacturing utilities 51,800 523,372 Total manufacturing costs $ 913,710 Add: Beginning WIP inventory 8,670 Total work-in-process $ 922,380 Deduct: Ending WIP inventory 10,080 Cost of goods manufactured $ 912,300 RUSSELL MANUFACTURING COMPANY Income Statement For the Quarter Ending December 31, 2019 Sales Cost of goods sold: Beginning FG inventory $ 11,8800 Add: Cost of goods manufactured Goods available for sale 912,300X 924,180 Deduct: Ending FG inventory 7,780 Cost of goods sold Gross margin Deduct: Selling and administrative expenses Advertising 38,200 Administrative travel 28,800 Facility rental 8,600 Depreciation 13,180 Management salaries 240,000 Sales commissions 53,000 Office utilities 23,600 $ 1,433,600 916,400 $ 517,200 405,380 $ 111,820