Business, 24.11.2021 14:00 mia5530

Sales Blank 1. Fill in the blank, read surrounding text. Beginning inventory, raw material Blank 2. Fill in the blank, read surrounding text.
Ending inventory, raw material 170,000
Purchases of raw material 200,000
Direct material used 140,000
Direct labor Blank 3. Fill in the blank, read surrounding text.
Manufacturing overhead 550,000
Total manufacturing costs 1,040,000
Beginning inventory, work in process 70,000
Ending inventory, work in process Blank 4. Fill in the blank, read surrounding text.

Cost of goods manufactured 1,050,000
Beginning inventory, finished goods 100,000
Cost of goods available for sale Blank 5. Fill in the blank, read surrounding text.

Ending inventory, finished goods Blank 6. Fill in the blank, read surrounding text.

Cost of goods sold 1,090,000
Gross margin 510,000
Selling and administrative expenses Blank 7. Fill in the blank, read surrounding text.

Operating income 300,000

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Sales Blank 1. Fill in the blank, read surrounding text. Beginning inventory, raw material Blank 2...

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