Incomplete manufacturing costs, expenses, and selling data for two different cases are as follows.
(a) Indicate the missing amount.
| Case |
| 1 |
2 |
| Direct materials used |
$ 9,878 |
$ |
| Direct labor |
5,430 |
8,701 |
| Manufacturing overhead |
8,582 |
4,577 |
| Total manufacturing costs |
|
16,332 |
| Beginning work in process inventory |
1,928 |
|
| Ending work in process inventory |
|
3,719 |
| Sales revenue |
25,830 |
|
| Sales discounts |
2,971 |
1,911 |
| Cost of goods manufactured |
17,623 |
22,320 |
| Beginning finished goods inventory |
|
4,111 |
| Goods available for sale |
20,403 |
|
| Cost of goods sold |
|
|
| Ending finished goods inventory |
4,149 |
3,056 |
| Gross profit |
|
7,984 |
| Operating expenses |
2,828 |
|
| Net income |
|
6,057
|