1-Calculate the cost of goods sold knowing that the beginning inventory was $ 150000-ending inventory was 30000, purchases during the process $18000- supplies for $ 10000-labor cost $21000 ( 25 MARKS )

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2-WHAT ARE THE TYPES OF INVENTORY ? GIVE EXAMPLES OF YOUR OWN AND WHY DO WE CONSIDER THE INVENTORY COSTS ? ( 25 MARKS )

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3-Calculate the cost of goods manufactured from the following data :

Direct materials used $190000- direct manufacturing labor $85000-beginning work in process manufacture $21000-$26000 ending work in process ( 25 MARKS )

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4-Calculate the operating income from the following data :

Sales revenue $350000-beginning inventory $41000-ending inventory$38000-cost of goods manufactured $ 46000, marketing expenses $33000-( 25 MARKS )