1. Inventory calculation. On January 1, the finished goods inventory of the Manuel Company was $300,000. During the year Manuel's cost of goods manufactured was $1.900,000, sales were $2,000,000 with a 20% gross profit. Required: The cost assigned to the December 31 finished goods inventory (AICPA adapted) 2. Manufacturing costs; cost of goods manufactured; cost of goods sold. The December 31, 198 trial balance of the Balkwell Company showed: Sales .............. $4,000,500 Sales returns and allowances $ 25,200 Purchases (net) 2,400,000 Transportation in 32,000 Direct labor 3,204,000 Factory overhead 1,885,600 Sales salaries 200,000 Advertising expense 155,000 Delivery expense.... 65,000 Inventories DECEMBER 31, 19B DECEMBER 31, 194 Finished goods $467.400 $620,000 Work in process. 136,800 129,800 Materials 196,000 176.000 Required: (1) Total manufacturing cost. (2) Cost of goods manufactured (3) Cost of goods sold. (CGAA adapted)