Fill in the Missing Data for Company B

question 147

Short Answer

Fill in the missing data for Company B:
$\begin{array}{|l|r|}\hline&\text { Company B }\\\hline \text { Direct materials used } & \$ 9,000 \\\hline \text { Direct labor cost } & 4,000 \\\hline \text { Overhead } & \text { (a) } \\\hline \text { Total manufacturing costs } & 25,000 \\\hline \text { Work in process inventory, Jan. 1 } & 1,000 \\\hline \text { Work in process inventory, Dec. } 31 & 3,500 \\\hline \text { Sales revenue } & 40,000\\\hline \text { Finished goods inventory, Jan. } 1 & \text { (b) } \\\hline \text { Cost of goods manufactured } & \text { (c) } \\\hline \text { Cost of goods available for sale } & \text { (d) } \\\hline \text { Finished goods inventory, Dec. } 31 & 4,000 \\\hline \text { Cost of goods sold } & 26.500\\\hline \text { Gross margin } & \text { (e) } \\\hline \text { Operating expenses } & \text { (f) } \\\hline \text { Net operating income } &5,500\\\hline\end{array}$

---

Definitions:

Primary Volt-Amps

A measurement of apparent power in an electrical system, primarily used in AC circuits, representing the product of primary voltage and current.

Load Connected

Refers to an electrical component or device that is connected to a circuit and draws power from it.

Secondary

Refers to the output side of a transformer that receives energy from the primary winding and delivers it to the load.

Turns Ratio

The ratio of the number of turns in the primary winding to the number of turns in the secondary winding of a transformer, which determines the voltage transformation.