4. Camden Mfg. had the following information during 2020: Beg. WIP inventory $45,000 Beg. FG inventory $39,000 End. WIP inventory $38,000 End. FG inventory $57,000 Direct Labor $68,000 Direct materials (DM) purchased $75,000 Beg. DM inventory $2,000 End. DM inventory $8,000 Factory Overhead $42,000 Calculate Camden's cost of goods manufactured? a. $196,000 b. $186,000 c. $190,000 d. $202,000 5. Jamco Mfg production costs were for July 2019 were $550,000. The cost of goods shipped to customers on account totaled $350,000. What is the correct journal entry to record the sale? a. Finished Goods Inventory 550,000 Cost of Goods Sold 550,000 b. Cost of Goods Sold 550,000 Finished Goods Inventory 550,000 c. Finished Goods Inventory Cost of Goods Sold 350,000 350,000 350,000 d. Cost of Goods Sold Finished Goods Inventory 350,000 6. In 2019, Miter Mfg purchased heavy duty equipment for $5,000,000. The equipment's salvage value will be $250,000. Miter's annual net income is $525,000. Calculate Miter's accounting rate of return. 12.5% b. 20% c. 40% d. 25% a