2 QS 18-10 Cost of goods sold LO P1 1.11 points Compute cost of goods sold for 2017 using the following information. Finished goods inventory, Dec. 31, 2016 Work in process inventory, Dec. 31, 2016 Work in process inventory, Dec. 31, 2017 Cost of goods manufactured, 2017 Finished goods inventory, Dec. 31, 2017 $ 342,000 87,500 74,100 915,700 289,000 eBook Of Hint Cost of Goods Sold is Computed as: Print 0 Cost of goods sold $ 0 3 QS 18-11 Cost of goods manufactured LO P2 1.11 points Prepare the 2017 schedule of cost of goods manufactured for Barton Company using the following information. Direct materials Direct labor Factory overhead costs Work in process, Dec. 31, 2016 Work in process, Dec. 31, 2017 $ 222,500 71,500 29,600 157,600 156, 250 eBook Hint Barton Company Schedule of Cost of Goods Manufactured For Year Ended December 31, 2017 Print Total manufacturing costs 0 Total cost of work in process 0 Cost of goods manufactured $ 0 4. Precision Manufacturing Unimart $338,000 $676,000 1.11 points 420,000 Beginning inventory Merchandise Finished goods Cost of purchases Cost of goods manufactured Ending inventory Merchandise Finished goods 790,000 238,000 232,000 eBook Compute cost of goods sold for each of these two companies for the year ended December 31, 2017. COD Hint Complete this question by entering your answers in the tabs below. Print Merch Business Mfg Business Compute cost of goods sold for the company year ended December 31, 2017 in Merchandising Business. UNIMART Partial Income Statement For Year Ended December 31, 2017 Cost of goods sold: Goods available for sale Cost of goods sold $ 0 5 QS 18-12 Direct materials used LO P2 Use the following information to compute the cost of direct materials used for the current year. (Assume no indirect materials.) 1.11 points January 1 December 31 $ 7,000 12,200 10,000 $ 10,500 9,000 6,600 eBook Inventories Raw materials inventory Work in process inventory Finished goods inventory Activity during current year Materials purchased Direct labor Factory overhead $124,500 104,000 42,300 Hint Print Cost of Direct Material is Computed as