Direct materials used
Total manufacturing costs
Beginning work in process inventory
Ending work in process inventory
Cost of goods manufactured
Beginning finished goods inventory
Goods available for sale
Cost of goods sold
Ending finished goods inventory
b) Prepare a condensed cost of goods manaufactures schdule ffor Case1
c1) Prepare an Income statement for Case 1
c2) Prepare the current assets section of the balance sheet for Case1. Assume that in Case 1 the other items in the current assets section are as follows: Cash $4,000, Receivables (net) $15,000, Raw Materials $600 and Prepaid Expenses $400.
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