1.The following financial information isfor Annapolis Corporationarefor the fiscal years ending 2019 & 2018 (all balances are normal):

Item/account 2019 2018

Accounts receivable $50,000 $42,000

inventory $42,000 $38,000

Net sales(all credit) $380,000 $350,000

cost of goods sold $154,000 $152,000

net income $27,200 $24,800

Use this information to determinetheaccounts receivable averagecollection period for FY 2019.(Use 365 day year.Round your answers to one decimal place.)

2.Towson Manufacturing had a Work in Process balance of $138,000 on January 1, 2018. The year end balance of Work in Process was $128,000 and the Cost of Goods Manufactured was $770,000. Use this information to determine the total manufacturing costs incurred during the fiscal year 2018.

3.During FY 2018, Towson Manufacturing had a beginning finished goods inventory of $17,000 & ending finished goods inventory of $21,500.Beginning work-in-process was $11,000and ending work-in-process was 17,500.Factory overhead was $22,500.The total manufacturing costs amounted to $288,000.Use this information to determine the FY 2018 Cost of Goods Sold.