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An auditor for the Intemal Revenue Service is trying to reconstruct some partially destroyed records of two taxpayers. EEB (Click the icon to view the records.) Requirement Data Table For each of the cases, find the unknowns designated by the letters A and B for Case 1 and C and D for Case 2. Now use the cost of goods sold formula to solve for B. Finished goods inventory, 12/31 Finished goods inventory, 1/1 Cost of goods manufactured Cost of goods available for sale Finished goods inventory, 1 Cost of goods sold Case 2: Find the unknowns designated by the lettsC and D First, solve for C. Gross margin. Case 1 4,000 34,600 38,600 10,100 28,500 Case (in thousands) Accounts receivable, 12/31 Cost of goods sold Accounts payable, 1/1 Accounts payable, 12/31 Finished-goods inventory, 12/31 Gross margin Work-in-process inventory, 1/1 Work-in-process inventory, 12/31 Finished-goods inventory, 1/1 Direct materials used Direct manufacturing labor Manufacturing overhead costs Purchases of direct materials $7.000 S 1.780 29,000 2.210 2,160 7,800 12/31 4,800 3,100 14.500 1,600 4,100 8,000 23,000 7,200 2,500 49.600 29.000 20,600 Cost of goods sold Gross margin Next, complete the cost of goods sold formula. Finished goods inventory, 1/1 Cost of goods manufactured Cost of goods available for sale Finished goods inventory, 12/31 Cost of goods sold 4,000 17,000 4,300 10,800 15,500 43,000 2,500 6,500 49,600 2,600 Accounts receivable, 1/1 Print Done

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