Brief Exercise 4: Lando Company reported the following amounts for 2016: Raw materials purchased $83,000 Ending work in process inventory Beginning raw materials inventory 5,200 Manufacturing overhead costs applied Ending raw materials inventory 4,500 Beginning work in process inventory $ 6,300 36,000 6,100 Instructions Calculate the cost of materials used in production Brief Exercise 5: The manufacturing operations of Bryant, Inc. had the following balances for the month of January Inventories January 1 January 31 Raw materials $12,000 $13,000 Work in process 21,000 23,000 Finished goods 14,000 16,000 Bryant transferred $290,000 of completed goods out of work in process during January. Instructions Compute the cost of goods sold