60.1K

Verified Solution

Link Copied!

This question has FOUR parts, please answer All parts. Thank you.

Incomplete manufacturing costs, expenses, and selling data for two different cases are as follows Support Indicate the missing amount for each letter. Direct materials used Case S2 $9.890 s 5,670 S 8.450 8.640 5.100 16,910 Direct labor Manufacturing overhead Total manufacturing costs Beginning work in process inventory 1.370 Ending work in process inventory 3.750 Sales revenue 25.110 2.770 1.990 Sales discounts Cost of goods manufactured Beginning finished goods inventory 17.830 22.400 3.590 Goods available for sale 22740 Cost of goods sold Ending hinished goods inventory Gross pront Operating expenses Net income Prepare a condensed cost of goods manufactured schedule for Case 1. CASE 1 Cost of Goods Manufactured Schedule e Textbook and Media Prepare an income statement for Case 1 CASE 1 Income Statement Prepare the current section of the b est for Cane L. Assume that the others in (Partial) Balance Sheet Prepare the current assets section of the balance sheet for Case 1. Assume that in Case 1 the other items in the current assets section are follows: Cash $4,070, Receivables (net) $15,910, Raw Materials $620, and Prepaid Expenses $430. (List Current Assets in order of liquidity) CASE 1 (Partial) Balance Sheet

Answer & Explanation Solved by verified expert

See Answer