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Argentina Company incurred the followine o expenses during the current year: Problem 9-9 (AICPA Adapted) costs and Raw material purchases Direct labor Indirect labor-factory Factory repairs and maintenance Taxes on factory building Depreciation-factory building Taxes on salesroom and general office Depreciation-sales equipment Advertising Sales salaries Office salaries Utilities-6096 applicable to factory 1,500,000 800,000 200,000 100,000 300,000 150,000 50,000 400,000 500,000 700,000 500,000 Beginning Ending 00,000 450.00 Raw materials Work in process Finished goods 00,000 350,000 00,000 700,000 1. What is the cost of raw materials used? a. 3,850,000 b. 4,000,000 c. 4,150,000 d. 4,750,000 What is the cost of goods manufactured for the current year? 2. a. 7,450,000 b. 7,200,000 c. 7,100,000 d. 7,300,000 3. What is the cost of goods sold for the current year? . a. 7,300,000 b. 6,900,000 c. 7,600,000 d. 8,300,000 204