Consider the following selected amounts and account balances of Saints:

Prepaid expenses……………………$ 5,900……………..Cost of goods sold……………..$106,000

Marketing expense………………..$29,000……………..Direct labor…………………………$ 51,000

Work in process inventory……..$40,000……………..Direct materials used……………$ 23,100

Manufacturing overhead……….$25,000……………..Accounts receivable……………..$ 81,000

Finished goods inventory……..$61,000……………..Cash……………………………………$ 14,700

Raw materials inventory………..$ 9,600……………..Cost of goods manufactured….$ 91,000

Requirement

Show how Saints reports current assets on the balance sheet. Not all data are used. Is this company a service company, a merchandiser, or a manufacturer? How do you know?

Consider the following selected amounts and account balances of Saints Prepaid



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