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2-42 Finding unknown amounts. An auditor for the Internal Revenue Service is trying to reconstruct some partially destroyed records of two taxpayers. For each of the cases in the accompanying list, find the unknowns designated by the letters A through D.Case 1 Case 2(in thousands)Accounts receivable, 12/31 $ 6,000 $ 2,100Cost of goods sold A 20,000Accounts payable, 1/1 3,000 1,700Accounts payable, 12/31 1,800 1,500Finished goods inventory, 12/31 B 5,300Gross margin 11,300 CWork-in-process inventory, 1/1 0 800Work-in-process inventory, 12/31 0 3,000Finished goods inventory, 1/1 4,000 4,000Direct materials used 8,000 12,000Direct manufacturing labor 3,000 5,000Manufacturing overhead costs 7,000 DPurchases of direct materials 9,000 7,000Revenues 32,000 31,800Accounts receivable, 1/1 2,000 1,400
