Fill in the Missing Data for Company B

question 145

Short Answer

Fill in the missing data for Company B:
$\begin{array}{|l|c|}\hline &\text { Company B }\\\hline \text { Direct materials used } & \$ 9,000 \\\hline \text { Direct labor cost } & 4,000 \\\hline \text { Overhead } & \text { (a) } \\\hline \text { Total manufacturing costs } & 25,000\\\hline \text { Work in process inventory, Jan. } 1 & 1,000 \\\hline \text { Work in process inventory, Dec. } 31 & 3,500 \\\hline \text { Sales revenue } & 40,000\\\hline \text { Finished goods inventory, Jan. } 1 & \text { (b) } \\\hline \text { Cost of goods manufactured } & \text { (c) } \\\hline \text { Cost of goods available for sale } & \text { (d) } \\ \hline \text { Finished goods inventory, Dec. } 31 & 4,000 \\\hline \text { Cost of goods sold } & 26,500 \\\hline \text { Gross margin } & \text { (e) } \\\hline \text { Operating expenses } & \text { (f) } \\ \hline\text { Net operating income }&5,500\\ \hline\end{array}$

---

Definitions:

Limitations

The boundaries or constraints that define the scope or extent of something's possibility or application.

Research

The systematic investigation to establish facts and reach new conclusions by gathering and analyzing data, experimentation, and observation in various fields of study.

Personality

The unique, stable set of characteristics, behaviors, and patterns of thought that define an individual.

Internal Consistency

A measure of reliability of a psychological test or survey, based on the average correlation among items within the test or survey.