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Problem 14-03A a-c (Video) Incomplete manufacturing costs, expenses, and selling data for two different cases are as follows. Indicate the missing amount for each letter.
Problem 14-03A a-c (Video) Incomplete manufacturing costs, expenses, and selling data for two different cases are as follows. Indicate the missing amount for each letter. Case 2 Direct materials used (9) Direct labor Manufacturing overhead Total manufacturing costs $10,100 5,380 8,580 8,270 4,210 24060 (a) 16,110 Beginning work in process inventory 1,950 (h) Ending work in process inventory (b) 3,160 Sales revenue 25,860 Sales discounts Cost of goods manufactured Beginning finished goods inventory 2,870 18,050 2,060 22,610 4,310 Goods available for sale 22,450 Cost of goods sold Ending finished goods inventory Gross profit 4,280 3,580 7,550 Operating expenses 2,900 Net income 5,780 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 1 the other items in the current assets section are as follows: Cash $3,780, Receivables (net) $15,400, Raw Materials $690, and Prepaid Expenses $440. (List Current Assets in order of liquidity.) CASE 1 Prepare the current assets section of the balance sheet for Case 1. Assume that in Case 1 the other items in the current assets section are as follows: Cash $3,7 Receivables (net) $15,400, Raw Materials $690, and Prepaid Expenses $440. (List Current Assets in order of liquidity.) CASE 1 (Partial) Balance Sheet Click if you would like to Show Work for this question: Open Show Work
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