Indicate the missing amount for each letter. Case 1 2 Direct materials used$9,720$ (g) Direct labor5,5208,650 Manufacturing overhead8,4904,540 Total manufacturing costs (a) 16,720 Beginning work in process inventory1,180 (h) Ending work in process inventory (b) 3,360 Sales revenue25,090 (i) Sales discounts2,7402,180 Cost of goods manufactured17,65022,220 Beginning finished goods inventory (c) 4,150 Goods available for sale22,560 (j) Cost of goods sold (d) (k) Ending finished goods inventory3,9103,200 Gross profit (e) 7,820 Operating expenses3,080 (l) Net income (f) 6,060

Case 1 2

Sales revenue 25,090 (i) 28810

Sales discounts 2,740 2,180

Sales $ 22350 $ 30990

Direct materials used $9,720 $3,530 (g)

+Direct labor 5,520 8,650

+Manufacturing overhead 8,490 4,540

=Total manufacturing costs (a) 23,730 16,720

+ Beginning work in process inventory 1,180 (h) 2140

-Ending work in process inventory (b) 7260 3,360

=Cost of goods manufactured 17,650 22,220

+Beginning finished goods inventory (c) 4910 4,150

=Goods available for sale 22,560 (j) 26370

-Ending finished goods inventory 3,910 3,200

=Cost of goods sold (d) 18650 (k) 23170

Gross profit (e) 3700 7,820

-Operating expenses 3,080 (l) 1760

=Net income $ (f) 620 $ 6,060

+ indicates the amounts that have been added and (-) indicates the amounts that have been subtracted.

Gross Profit is obtained by Cost of Goods Sold from Sales.

And sales discounts are also deducted from Sales Revenue