The Following Information Was Taken from the Accounting Records of Tomek

question 33

Essay

The following information was taken from the accounting records of Tomek Manufacturing Company.Unfortunately, some of the data were destroyed by a computer malfunction. $$\begin{array} { l l l } & \text { Case A } & \text { Case B } \\\text { Sales } & \$ 150,000 & ? \\\text { Finished goods inventory, Jan. 1, 2013 } & 35,000 & 28,000 \\\text { Finished goods inventory, Dec. 31,2013 } & 40,000 & ? \\\text { Cost of goods sold } & ? & 61,000\\\text { Gross margin } & 25,000 & 23,000 \\\text { Selling and administrative expenses } & ? & 1,000 \\\text { Operating income } & 10,000 & 22,000 \\\text { Work in process, Jan. 1, 2013 } & ? & 14,000\\\text { Direct material used } & 18,000 & 8,000 \\\text { Direct labor } & 35,000 & 9,000 \\\text { Factory overhead } & 50,000 & ? \\\text { Total manufacturing costs } & ? & 35,000 \\\text { Work in process, Dec. 31, 2013 } & 22,000 & ? \\\text { Cost of goods manufactured } & ? & 45,000\end{array}$$ Required: Calculate the unknowns indicated by question marks.

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Definitions:

Adipocytes

Cells specialized in storing fat, found in the adipose tissue of the body.

Subatomic Particles

The smaller particles that make up atoms, including protons, neutrons, and electrons.

Nucleus

A membrane-bound organelle found in eukaryotic cells containing the genetic material, playing a key role in growth, metabolism, and reproduction.

Electrons

Subatomic particles with a negative charge, found orbiting the nucleus of atoms and involved in chemical reactions and electrical conductivity.