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Working with Incomplete Data from the Income Statement and Schedule of Cost of Goods Manufactured [LO4, LO5] Supply the missing data in the following cases

Working with Incomplete Data from the Income Statement and Schedule of Cost of Goods Manufactured [LO4, LO5] Supply the missing data in the following cases below. Each case is independent of the others. (Input all amounts as positive values. Omit the "$" sign in your response.) Case 1 2 3 4 Schedule of Cost of Goods Manufactured Direct materials $4,500 $6,000 $5,000 $3,000 Direct labor 3,000 7,000 4,000 Manufacturing overhead 5,000 4,000 9,000 Total manufacturing costs 18,500 20,000 Beginning work in process inventory 2,500 3,000 Less: Ending work in process inventory 1,000 4,000 3,000 Cost of goods manufactured $18,000 $14,000 $ $ Income Statement Sales $30,000 $21,000 $36,000 $40,000 Beginning finished goods inventory 1,000 2,500 2,000 Cost of goods manufactured 18,000 14,000 17,500 Goods available for sale Less: Ending finished goods inventory 1,500 4,000 3,500 Cost of goods sold 17,000 18,500 Gross margin 13,000 17,500 Less: Selling and administrative expenses 3,500 Net operating income $4,000 $ $5,000 $9,000

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