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Indicate missing amount in case 2

Indicate missing amount in case 2

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Indicate missing amount in case 2

Case 1 Direct materials used $ 9,600 $ (g) Direct labor 5,000 8,000 8,000 4,000 Manufacturing overhead Total manufacturing costs Beginning work in process inventory Ending work in process inventory (a) 1,000 16,000 (h) (b) 24,500 3,000 (i) Sales revenue Sales discounts 2,500 17,000 1,400 24,000 Cost of goods manufactured Beginning finished goods inventory Cost of goods available for sale Cost of goods sold Ending finished goods inventory Gross profit Operating expenses (c) 22,000 3,300 (d) 3,400 (j) (k) 2,500 (e) 2,500 7,000 (1) 5,000 Net income (f)
Transcribed Image Text:Case 1 Direct materials used $ 9,600 $ (g) Direct labor 5,000 8,000 8,000 4,000 Manufacturing overhead Total manufacturing costs Beginning work in process inventory Ending work in process inventory (a) 1,000 16,000 (h) (b) 24,500 3,000 (i) Sales revenue Sales discounts 2,500 17,000 1,400 24,000 Cost of goods manufactured Beginning finished goods inventory Cost of goods available for sale Cost of goods sold Ending finished goods inventory Gross profit Operating expenses (c) 22,000 3,300 (d) 3,400 (j) (k) 2,500 (e) 2,500 7,000 (1) 5,000 Net income (f)
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