How does job satisfaction positively affect job performance? by increasing task performance by increasing affective commitment by decreasing citizenship behavior by increasing continuance commitment by increasing life satisfaction?

a. Incomplete Manufacturing Costs:

                                                                 Case 1          Case 2

Direct materials used                              $9,600        $ 4,000  

Direct labor                                                5,000            8,000

Manufacturing overhead                          8,000            4,000

Total manufacturing costs                     22,600           16,000

Beginning work in process inventory      1,000             9,000

Ending work in process inventory          6,600            3,000

Sales revenue                                        24,500           31,200  

Sales discounts                                        2,500             1,400

Cost of goods manufactured                 17,000         22,000

Beginning finished goods inventory      3,000            3,300

Goods available for sale                       20,000         25,300

Cost of goods sold                                16,600         22,800

Ending finished goods in inventory       3,400            2,500

Gross profit                                             5,400           7,000

Operating expenses                              2,500            2,000

Net Income                                             2,900            5,000

b. Condensed cost of goods manufactured schedule for Case 1:

Direct materials used                $9,600

Direct labor                                  5,000

Manufacturing overhead            8,000

Total manufacturing costs       22,600

Beginning WIP inventory             1,000

Ending WIP inventory                 6,600

Cost of goods manufactured $17,000

c1. Income Statement for Case 1:

Sales Revenue, net         $22,000

Cost of goods sold             16,600

Gross profit                        $5,400

Operating expenses           2,500

Net income                      $2,900

c2. Current Assets Section of the Balance Sheet for Case 1:

Cash                                    $4,000

Receivables (net)                15,000

Inventory:

Raw materials        600

WIP                      6,600

Finished Goods  3,400      10,600

Prepaid Expenses                 400

Total current assets      $30,000

Explanation:

Using the above data to calculate the missing figures, we start from the known, applying our knowledge of the elements and formula of the income statement for a manufacturing entity.  For example, the gross profit is the difference between the net sales revenue and the cost of goods sold, and the cost of goods sold is the difference between the goods available for sale and the ending inventory of finished goods.