Incomplete manufacturing costs, expenses, and selling data for two different cases are as follows.   Indicate the missing amount.   Case 1 Case 2 Direct materials used $10,119 $ Direct labor 5,826 8,800 Manufacturing overhead 8,669 4,561 Total manufacturing costs 16,536 Beginning work in process inventory 1,924  Ending work in process inventory 3,809 Sales revenue 25,790  Sales discounts 2,853 1,972 Cost of goods manufactured 17,946 22,211 Beginning finished goods inventory 4,174 Goods available for sale 21,003  Cost of goods sold   Ending finished goods inventory 4,406 3,416 Gross profit 7,850 Operating expenses 3,095  Net income 5,758

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Incomplete manufacturing costs, expenses, and selling data for two different cases are as follows.

 

Indicate the missing amount.

 

Case 1 Case 2

Direct materials used $10,119 $

Direct labor 5,826 8,800

Manufacturing overhead 8,669 4,561

Total manufacturing costs 16,536

Beginning work in process inventory 1,924 

Ending work in process inventory 3,809

Sales revenue 25,790 

Sales discounts 2,853 1,972

Cost of goods manufactured 17,946 22,211

Beginning finished goods inventory 4,174

Goods available for sale 21,003 

Cost of goods sold  

Ending finished goods inventory 4,406 3,416

Gross profit 7,850

Operating expenses 3,095 

Net income 5,758

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