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Accounting

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Question 3 For each of the two following cases, fill in the missing figures in lettered spaces: \begin{tabular}{|l|r|r|} \hline & Case 1 & Case 2 \\ \hline Sales & & \\ \hline Direct material used & $12,100 & $8,700 \\ \hline Direct labour & 700 & 2,500 \\ \hline Prime cost & (a) & 250 \\ \hline Conversion cost & 4,700 & (g) \\ \hline Factory overhead & 7,300 & 4,700 \\ \hline Cost of goods manufactured & (b) & (h) \\ \hline Beginning work in process inventory & 6,500 & (i) \\ \hline Ending work in process inventory & 700 & 100 \\ \hline Beginning finished goods inventory & (c) & 2,000 \\ \hline Ending finished goods inventory & (d) & 900 \\ \hline Cost of goods sold & 2,100 & (d) \\ \hline Gross profit & (e) & 4,500 \\ \hline Operating expenses & 6,300 & (k) \\ \hline Net income & (f) & 1,300 \\ \hline \end{tabular}

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