2- The following information is available for the year ended December 31 Beginning raw materials inventory Raw materials purchases. Ending raw materials inventory Office supplies expense $25,000 $75,000 $20,000 $2,400 Calculate for the amount of raw materials used in production for the year. PART II DISCUSSION QUESTION 1- XYZ Brick Company produces bricks in two processing departments-Mixing and Finishing Information relating to the company's operations in March follows: a. Raw materials were issued for use in production: Mixing Department, $30,000; Finishing Department, $15,000. b. Direct labour costs were incurred: Mixing Department, $20,000; Finishing Department, $15,000. c. Manufacturing overhead was applied: Mixing Department, $35,000; Finishing Department, $50,000 d. Unfired, Moulding bricks were transferred from the Mixing Department to the Finishing Department. According to the company's process costing system, the cost of the unfired Moulding bricks was $65,000. e. Finished bricks were transferred from the Finishing Department to the finished goods warehouse. According to the company's process costing system, the cost of the finished bricks was $120,000 f. Finished bricks were sold to customers. According to the company's process costing system, the cost of the finished bricks sold was $110,000 Required: Prepare journal entries to record items (a) through (f) 2- ABC Products manufactures a variety of products in its factory. Data for the most recent month's operations follow: Beginning raw materials inventory Purchases of raw materials Ending raw materials inventory Direct labour Manufacturing overhead Beginning work-in-process inventory Ending work-in-process inventory $170,000 $870,000 $150,000 $245,000 $560,000 $210,000 $340,000 Required Prepare in good form a schedule of cost of goods manufactured for the company for the month